Gold gains as dollar rally comes off the boil
Gold edged up on Tuesday from a 2018 low as the dollar fell from its five-month high, although risk appetite in the broader financial markets kept the metal`s gains in check. The dollar lost momentum following a rally prompted by rising U.S. bond yields and the prospect of a resolution to U.S.-China trade tensions.
Gold, regarded as a safe haven, tends to weaken when there is strong investor appetite for equities, seen as riskier assets. Image source: Pixabay