KONTAN.CO.ID - SINGAPORE. Gold prices slipped on Tuesday, weighed down by a stronger U.S. dollar, but the safe-haven metal's decline was limited by growing fears over the global economic recovery from the coronavirus crisis. Spot gold was down 0.2% at $1,925.09 per ounce by 0320 GMT. U.S. gold futures fell 0.2% to $1,931.20. "Over the past 24 hours we have seen a stronger U.S. dollar that is something that has weighed a little bit on gold," said DailyFx currency strategist Ilya Spivak.
Gold eases on firmer dollar; recovery worries limit losses
KONTAN.CO.ID - SINGAPORE. Gold prices slipped on Tuesday, weighed down by a stronger U.S. dollar, but the safe-haven metal's decline was limited by growing fears over the global economic recovery from the coronavirus crisis. Spot gold was down 0.2% at $1,925.09 per ounce by 0320 GMT. U.S. gold futures fell 0.2% to $1,931.20. "Over the past 24 hours we have seen a stronger U.S. dollar that is something that has weighed a little bit on gold," said DailyFx currency strategist Ilya Spivak.