Gold prices ease as dollar bounces back from multi-week lows

Gold prices inched lower on Tuesday, dropping for the first time in four sessions, as the dollar rebounded from multiweek lows amid simmering U.S.-China trade tensions and as bullion failed to surpass a strong technical resistance.

Gold prices ease as dollar bounces back from
Spot gold was down 0.2% at $1,282.86 per ounce, as of 0702 GMT, after touching its highest since May 17 at $1,287.32 in the previous session. Image source: Reuters

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