Market News

    Gold prices edge up as dollar, Asian stocks ease

    Gold prices ticked up in early Asian trade on Tuesday as the dollar and Asian stocks slipped, while concerns about the prospect of an escalation in the China-U.S. trade spat and reports of a poison gas attack in Syria offered support as well.

    FUNDAMENTALS

    Spot gold XAU= rose for a third straight session and was 0.1 percent higher at $1,337.11 an ounce as of 0045 GMT. U.S. gold futures GCcv1 were steady at $1,340.60 an ounce.

    Asian shares sagged on Tuesday after U.S. equities ended far from their highs in the previous session and the dollar eased against its peers amid lingering trade conflict concerns. 

    Source: Reuters