Gold holds near four-week low as equities, dollar climb
Updated : April 02, 2019 06:21 PM IST
Spot gold was up 0.1 percent at $1,288.79 per ounce at 1148 GMT, having touched its lowest since March 7 at $1,284.76 earlier. US gold futures was unchanged at $1,293.80 an ounce.
World stocks hovered just under a six-month high, supported by strong manufacturing data from the United States and China, while the dollar index rose to a three-week high against a basket of rival currencies, making bullion expensive for holders of other currencies.
Indicating investor sentiment, holdings in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, fell 1.5 percent on Monday, their biggest one-day percentage decline in a month.
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