December 14, 2017

MTECHTIPS

MTECHTIPS:Gold eases despite firm euro, off 1-month high

Gold turned lower on Monday as speculators booked profits after the price rallied to its highest in more than a month in the previous session on technical buying, shrugging off the influence of a firmer euro.Gold fell USD 1.85 an ounce to USD 1,750.54 by 0017 GMT after rising to USD 1,754.10 on Friday, its strongest since October 12 due to a drop in the dollar and options-related buying. Bullion has gained around 11 percent this year, mainly due to expectations US monetary policy will remain loose.

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