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Jassim Mohammed Al Budaiwi reiterated the GCC's firm position supporting Palestinian people's right to self-determination and establishment of an independent state
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Gold retreats on strong dollar and profit-taking
A visitor looks at gold jewelry in the window display of a retail store in Istanbul.
london - It got support from investors skittish about prospects of a trade war
Gold briefly touched a one-month peak on Thursday after the European Central Bank said it would hold off on interest rate hikes, but an accompanying surge in the dollar knocked back bullion.
"The dollar has been waking up to some renewed strength and that's largely been held onto today," said Jonathan Butler, commodities analyst at Mitsubishi in London. "Gold is stuck in a range on either side of $1,300 with no major catalyst to break out on either side."
Spot gold was down 0.3 per cent at $1,298.27 per ounce at 1025 GMT, after reaching its highest since May 15 at $1,309.30 an ounce on Thursday.
US gold futures for August delivery fell 0.6 per cent at $1,301 per ounce.
The dollar index was slightly firmer after hitting the highest since November last year. - Reuters
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