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Gold inches higher after five-week low as dollar gains on rate hike views

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank's hawkish stance.FUNDAMENTALS * Spot gold rose 0.1 percent to $1,243.90 per ounce, as of 0044 GMT, after it hit a fresh near five-week low of $1,242.61 during the session.* U.S. gold futures for August delivery fell 0.1 percent to $1,245.10 per ounce. * New York Federal Reserve President William Dudley reinforced expectations that the U.S. central bank will continue on its path of ...

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First Published: Tue, June 20 2017. 06:40 IST