Gold prices dip as equities gain, dollar strengthens
Monday, 19 August 2019 15:42 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession.

Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT.

U.S. gold futures also fell 0.5% to $1,516.80 an ounce.

The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other currencies.

Source : Reuters

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