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Gold up on weaker dollar, heads for fifth gain on week

Reuters 

(Reuters) - Gold prices rose for a third straight session on Friday on a weaker dollar, with the precious metal on track for a fifth straight weekly gain. FUNDAMENTALS * Spot gold edged up 0.1 percent to $1,324 an ounce by 0100 GMT. Prices hit a near four-month high of $1,326.56 an ounce on Wednesday.* Spot gold has risen 0.3 percent so far this week. * U.S. gold futures were up 0.2 percent at $1,324.60 an ounce.* The dollar index , which measures the greenback against six rival currencies, was down 0.2 percent at 91.707, after earlier falling to its lowest since Sept. 20, 2017 at ...

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First Published: Fri, January 12 2018. 07:00 IST
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