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Gold edges higher on weaker dollar, North Korea fears

Reuters  |  LONDON 

By Peter HobsonLONDON (Reuters) - Gold prices edged higher on Wednesday, underpinned by tensions over North Korea, as investors looked ahead to U.S. inflation data on Thursday that should give clues about the pace of U.S. interest rate rises.Gold also benefited from weakness in global stocks, the dollar and U.S. bond yields. A weaker dollar makes gold cheaper for holders of other currencies, while lower bond yields reduce the opportunity cost of holding non-yielding bullion.Spot gold was up 0.1 percent at $1,332.80 an ounce at 1147 GMT after touching $1,322.15 on Tuesday, the lowest since ...

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First Published: Wed, September 13 2017. 17:29 IST
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