Gold subdued on strong dollar; European Central Bank meeting in focus

(Reuters) - Gold prices eased on Tuesday as the dollar strengthened, although rising doubts over the economic recovery from the COVID-19 slump limited losses, with investors awaiting the outcome of the European Central Bank meeting this week.   FUNDAMENTALS Spot gold was down 0.2% at $1,925.68 per ounce by 0048 GMT. U.S.

gold futures were steady at $1,934.60. The dollar index rose 0.2% against its rivals, making gold more expensive for holders of other currencies. More than 27.19 million people have been reported.

This article is no longer available in our repository.

There could be multiple reasons for this.