Gold prices edge up, but still set for longest monthly losing streak since 2013
Updated : August 31, 2018 10:00 AM IST
Spot gold was up 0.2 percent at $1,202.04 an ounce at 0321 GMT, after touching a near one-week low of $1,195.95 on Thursday. Prices are down 1.7 percent so far this month, on track for a fifth straight monthly decline.
Analysts and traders said gold would closely track moves in the dollar, in which the metal is priced, especially with investors bracing for the next round of the US-China trade conflict.
Gold prices have declined about 7.7 percent so far this year amid international trade disputes and the Turkish currency crisis, with investors preferring the dollar as a safe-haven.