Gold slips from near 4-week high

Gold retreated on Tuesday after coming close to a four-week peak earlier in the day, due to a rise in the dollar and profit-taking. Investors continued to be wary in light of the constantly shifting US trade policies.

As of 12:21 AM GMT, spot gold fell 0.85 per cent to $3,352.86 per ounce, higher than its previous close of $3,381.63. Meanwhile, US gold futures dropped 0.60 per cent to $3,376.80 per ounce, down from Monday’s closing price of $3,397.2.

Attribution: Amwal Al Ghad English, Reuters
Subediting: M. S. Salama