Gold Inches Down On U.S. Rate Hike Prospects

Gold prices edged lower on Tuesday, pressured by prospects of rising U.S. interest rates, while an easing dollar and escalating trade tensions between the United States and other major economies supported the metal.

Spot gold was down 0.1 percent at $1,264.34 an ounce, as of 0357 GMT, not far from a six-month low of $1,260.84 touched last week.

U.S. gold futures for August delivery were 0.2 percent lower at $1,266 per ounce.

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Suhani Verma

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