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Gold steady on trade war, Brexit jitters

September 04, 2019 00:00:00


BENGALURU, Sept 03 (Reuters): Gold prices held steady on Tuesday as uncertainties surrounding US-China trade relations and Britain's departure from the European Union offset pressure from a stronger dollar.

Spot gold was down 0.1 per cent at $1,529.40 per ounce at 1145 GMT, but still not far off its more than six-year high of $1,554.56. US gold futures were up 0.6 per cent at $1,538.60.

"We are having a battle right now against multiple layers of uncertainties in the market and a strong dollar," Saxo Bank commodity strategist said.


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