Gold prices gained as funds bet prices would find short-term support at $1,200 but a stronger dollar and expectations for increases in U.S interest rates limited gains.
The dollar rose as relief about a U.S.-Mexico trade deal gave way to concern among investors that the conflict over trade between the United States and China was not about to end soon.
Adding to gold’s woes are expectations for further U.S. interest rate increases this year, record bets on prices falling and liquidations in exchange-traded funds.
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