Gold Extends Rally From 17-Mth Low, Stronger Dollar Caps Gains

Gold prices inched higher on Monday, extending their recovery from a 17-month low, amid lingering worries over the U.S.-China trade conflict, while a stronger U.S. dollar capped the safe haven's gains. Gold prices rebounded on Friday from a 17-month low of $1,204 per ounce as dollar slipped after data showed U.S. job growth slowed in July. The dollar also weakened against the yuan on Friday after the Chinese central bank sought to stabilize its currency. greenback, however, regained footing on Monday and strengthened against major peers.For More Information Please Visit : www.dollaradvisory.com and Call : 9111179961