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Gold above two-month lows as dollar slips; US jobs data in focus

The dollar index, measured against a basket of currencies, fell 0.1 per cent to 95.957


Gold on Wednesday edged up from two-month lows hit in the previous session, as the dollar edged lower and investors waited for non farm payroll numbers later this week for clues on the timing of a Federal Reserve rate hike. Spot gold rose 0.3 per cent to $1,314.19 per ounce at 0415 GMT. The metal fell 1 percent to hit $1,308.65 on Tuesday, its lowest since June 28. US gold futures were flat at $1,317.80. "There is some buying today ... people are taking the view that gold is going to fluctuate within a tight range prior to a strong signal from the Fed," said ...

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First Published: Wed, August 31 2016. 10:20 IST