Gold stabilises as dollar pulls back from 13-month high

Gold prices traded steady on Tuesday, but hovered close to an 18-month low, as the U.S. dollar pared gains after posting a 13-month high in the previous session.

Fundamentals

Spot gold was up 0.1 percent at $1,194.13 an ounce, as of 0106 GMT. In the previous session, the bullion hit $1191.35, its lowest since January 30, 2017.

U.S. gold futures were up 0.1 percent at $1,200.5 an ounce.

The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.1 percent at 96.339 early Tuesday after climbing to a 13-month high on Monday.

Asia share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves.

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