Gold Slips As New US Tariffs On China Lifts Dollar

Gold prices inched lower early on Tuesday, after rising 0.6 per cent in the previous session, as the dollar rose after the United States imposed a new round of tariffs on Chinese imports, aggravating global trade worries.The dollar index, which measures the greenback against a basket of currencies, was up 0.1 per cent at 94.582. China's yuan was 0.25 per cent lower at 6.8862 per dollar in offshore trade. Gold prices have declined over 12 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961