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Gold advances as dollar softens

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold rose from near 18-month lows on Tuesday, attempting a break back above the key $1,200 level as the dollar softened and analysts said the precious metal could have fallen too far.Spot gold was up 0.3 percent to $1,196.10 an ounce at 1300 GMT. In the previous session, the metal hit $1,191.35, its lowest since Jan. 30, 2017.U.S. gold futures were up 0.3 percent at $1,202.10 per ounce.The dollar, in which commodities such as gold are priced, was a touch lower against a basket of its peers as the Turkish lira regained its footing, easing concerns of ...

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First Published: Tue, August 14 2018. 18:53 IST