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Gold steady as risk-on sentiment weighs on dollar

Updated : November 22, 2018 11:00 AM IST

Spot gold was 0.1 percent higher at $1,227.11 per ounce at 0344 GMT. Prices on Wednesday marked their strongest since Nov. 7 at $1,230.07 per ounce. US gold futures were down 0.2 percent at $1,226.1 per ounce.
The dollar has been under pressure this week as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of interest rate hikes.
Prospects of higher US interest rates are negative for dollar-priced gold as they raise the opportunity cost of holding bullion.
Gold steady as risk-on sentiment weighs on dollar

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