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Gold dips as US dollar bounces off lows

Gold dips as US dollar bounces off lows

June 19 (Reuters) - Gold prices slipped in thin trade on Monday, as the U.S. dollar bounced back from the previous session’s lows, with markets looking ahead to U.S. Federal Reserve Chair Jerome Powell’s congressional testimony later in the week.

Spot gold was down 0.4% to $1,948.89 per ounce by 8:11 a.m. EDT (1211 GMT). U.S. gold futures fell 0.5% to $1,960.90. Trading is expected to be slow with U.S. markets closed for the Juneteenth holiday...[LINK]

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