Gold prices decrease again amid firm dollar

Gold prices declined for a second consecutive session on Wednesday, pressured by a firmer US dollar and easing concerns over US-China trade tensions, while investors looked ahead to key US economic indicators due later this week.

Spot gold was down 0.92 per cent at $3,286.73 per ounce by 12:32 PM GMT, retreating from Tuesday’s close of $3,317.25. US gold futures also slipped, falling 0.98 per cent to $3,300.80 per ounce, compared to $3,333.60 in the previous session.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser