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Gold climbs for fourth day as dollar slips and euro rallies

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold prices extended gains for a fourth day on Tuesday as political troubles in the United States dented the dollar while a more upbeat scenario in Europe lifted the euro."The dollar is weak today, which has helped precious metals across the board," said Carsten Menke, analyst at Julius Baer in Zurich, saying the move in the greenback was a combination of events in the United States and Europe.Spot gold was up 0.3 percent at $1,234.21 per ounce at 1410 GMT. On Monday, it hit $1,237.26, its highest since May 4.U.S. gold futures rose 0.3 percent to $1,234 an ...

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First Published: Tue, May 16 2017. 19:43 IST