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Gold rises as dollar eases, focus on U.S. inflation data

Reuters  |  JOHANNESBURG 

By Zandi ShabalalaJOHANNESBURG (Reuters) - Gold rose for the first session in three on Tuesday after the dollar eased as focus shifted to U.S. inflation figures later this week for further clues on monetary tightening.The dollar sagged as investors were unconvinced that the Federal Reserve would raise rates again this year after two hikes already and eyed Friday's inflation numbers. [USD/] Spot gold was up 0.5 percent at $1,264.30 per ounce as of 1147 GMT.U.S. gold futures rose 0.4 percent to $1,270 per ounce."If we see U.S. inflation rising more than expected it will be negative for ...

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First Published: Tue, August 08 2017. 18:08 IST
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