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Gold steadies after hitting six-month low as trade fears boost dollar

Updated : June 29, 2018 06:18 AM IST

The trade tensions pushed the dollar to test a one-year high against a currency basket, before fizzling out as rising inflation in some German regions prompted traders to buy the euro.
Spot gold edged up 0.1 percent to $1,253.10 an ounce at 1358 GMT. Earlier, it touched $1,248.21, its lowest since mid-December.
Investors are positioning for a potentially fraught meeting of European Union leaders to discuss issues such as migration, Brexit and trade.
Gold steadies after hitting six-month low as trade fears boost dollar

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