Gold Prices Steady Near 1-Week Low As Dollar Firms

Gold prices were mostly steady on Thursday, close to a one-week low hit in the previous session, as the dollar held firm amid an intensifying trade war between the United States and China.

Spot gold was steady at $1,243.10 an ounce at 0328 GMT. The yellow metal slipped 1 percent and hit an over one-week low at $1,240.89 on Wednesday.

U.S. gold futures for August delivery were 0.1 percent lower at $1,243.60 an ounce.

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Suhani Verma

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