Commodity Online
SINGAPORE : Gold prices remained steady in Asian trade Monday despite a rebounded dollar against major currencies.
Bullion was seen trading at $938.45 per ounce at 10.30 a.m Singapore time, up 0.06 percent from New York's notional close of $937.90 an ounce.
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U.S. gold futures for August delivery were at $939.1 per ounce, down 0.2 percent.
The dollar rose broadly on Monday as investors bought the greenback and took profits from recent gains in other major currencies which were lifted to multi-month highs on hopes that the economy has seen the worst of a deep recession.
Meanwhile, the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust GLD, said its holdings were steady at 1,132.15 tones as of June 12, unchanged from the previous business day.
