Gold prices dip as StockMarkets, dollar climb

Sales of new US single-family homes rose to a near 1-1/2-year high in March

Gold prices eased on Wednesday, remaining near a four-month low touched in the previous session as the dollar strengthened and Asian shares rose after the Nasdaq and S&P 500 indexes marked record closing highs.

Spot gold had fallen 0.1 per cent to $1,270.40 per ounce by 0105 GMT, having hit its lowest since the end of last year at $1,265.90 in the last session.

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Posted in: Indian Market Tips