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Gold prices edge up after 6-month low; dollar retreats from 11-month peak

Russia produced 51.6 tonnes of gold in the first three months of 2018

Reuters  |  Bengaluru 

Gold prices inched up early on Friday after hitting a 6-month low the session before, with the dollar retreating from an 11-month peak. Spot gold was 0.1-per cent higher at $1,268.24 an ounce by 0057 GMT. It touched its lowest since Dec. 19 at $1,260.84 on Thursday. U.S. gold futures for August delivery were nearly unchanged at $1,270.20 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, stood at 94.818. It hit 95.529 in the previous session, its highest since mid-July 2017. The number of Americans filing for unemployment benefits ...

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First Published: Fri, June 22 2018. 09:35 IST