KONTAN.CO.ID - JAKARTA. Gold prices fell on Tuesday with a slight rebound in dollar, while investors clung to hopes of a U.S. stimulus package being eventually released. Spot gold dipped 0.6% to $1,910.76 per ounce by 0346 GMT. U.S. gold futures were down 0.3% to $1,923. "There is a rebound in the dollar index. In the absence of further dollar downside, gold bulls are feeling a little jittery at the moment," said Howie Lee, an economist at OCBC Bank. The dollar index was up 0.1% against rivals, while Asian shares were weaker. On investors radar was also a new U.S. coronavirus relief bill after a White House spokeswoman said on Monday that Senate Republicans will go along with what President Donald Trump wants in legislation. Trump on Sunday called on Congress to pass a stripped-down bill, as negotiations on a broader package continued to run into roadblocks.
Gold slips on dollar rebound, investors eye U.S. stimulus
KONTAN.CO.ID - JAKARTA. Gold prices fell on Tuesday with a slight rebound in dollar, while investors clung to hopes of a U.S. stimulus package being eventually released. Spot gold dipped 0.6% to $1,910.76 per ounce by 0346 GMT. U.S. gold futures were down 0.3% to $1,923. "There is a rebound in the dollar index. In the absence of further dollar downside, gold bulls are feeling a little jittery at the moment," said Howie Lee, an economist at OCBC Bank. The dollar index was up 0.1% against rivals, while Asian shares were weaker. On investors radar was also a new U.S. coronavirus relief bill after a White House spokeswoman said on Monday that Senate Republicans will go along with what President Donald Trump wants in legislation. Trump on Sunday called on Congress to pass a stripped-down bill, as negotiations on a broader package continued to run into roadblocks.