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Gold pulls back after previous session’s gains as dollar perks up

July 10, 2018

Gold futures pulled back early Tuesday, following moves in the dollar that have weighed on the precious metal in recent weeks amid concerns about trade wars between economic superpowers and tightening monetary policy in the U.S.

August gold GCQ8, -0.83% tacked fell $8.10, or 0.6%, to $1,251.50 an ounce, relinquishing all of the gains the commodity scored in the previous session. The most popular fund tracking gold, the SPDR Gold Shares GLD, -0.60% was set to fall 0.4%.

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