Gold Prices Slip as Dollar Steadies, Equities Advance

Wednesday,   20-Jun-2018   10:57 AM (IST)

Gold prices slipped on Wednesday amid a steady dollar and firmer equities.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $2.70 or 0.2%, to $1,275.90 a troy ounce.Regional sentiments recovered somewhat with Japan’s Nikkei 225 rose 0.6% and South Korea’s KOSPI advanced 1.1%, while Hong Kong’s Hang Seng Index also climbed 0.5%.Meanwhile, Chinese President Xi Jinping and North Korea’s Kim Jong Un met in Beijing this week and came to an understanding on various issues, including denuclearization of the Korean peninsula, North Korea’s state media said on Wednesday.  Kim’s two-day visit to Beijing, which followed his Singapore summit last week, would end later today, the state media added.The dollar gained slightly on Wednesday morning trade in Asia as yields on U.S. treasures bounced off lows.In other precious metal trade, silver futures fell 0.73% to $16.320 a troy ounce, while platinum futures fell 0.71% at $862.20 an ounce.