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Gold crawls up on safe-haven support; dollar limits gains

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold prices inched higher on Tuesday on safe-haven buying, but upside potential for the metal was capped by a firm dollar and outlook for further interest rate hikes in the United States.Spot gold rose 0.1 percent to $1,313.54 per ounce at 0325 GMT.U.S. gold futures for June delivery were, however, down 0.4 percent at $1,313.40 per ounce.The rising tensions in Gaza induced some safe-haven buying for gold earlier in the session, ANZ analysts said in a note.Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the ...

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First Published: Tue, May 15 2018. 09:23 IST
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