Firm dollar caps gold rise, investors eye G20 summit
Updated : November 26, 2018 11:05 AM IST
Spot gold inched 0.1 percent higher to $1,223.31 per ounce by 0415 GMT. US gold futures were up about 0.1 percent at $1,223.8 per ounce.
The dollar index, which measures the greenback against a basket of six major currencies, was up about 0.1 percent, as investors sought shelter in safe haven currencies as fears of a global growth slowdown and US-Sino trade tensions sapped risk appetite.
Gold market participants are now focusing on talks between US President Donald Trump and Chinese President Xi Jinping to be held on the sidelines of a G20 summit in Argentina at the end of this week.