Commodities Gold inches down as safe haven demand lifts dollar Updated : November 21, 2018 12:24 PM IST Spot gold dipped 0.1 percent to $1,220.36 per ounce at 0435 GMT. US gold futures were flat at $1,220.7 per ounce. The yellow metal has fallen about 10 percent since hitting a peak in April as investors bought the dollar with the US-China trade war unfolding against a background of higher US interest rates. The Trump administration on Tuesday said that China has failed to alter its "unfair" practices at the heart of the US-China trade conflict. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.