You are here: Home » Reuters » News
Business Standard

Gold edges up as dollar eases on weak U.S. data


(Reuters) - Gold prices inched higher early on Tuesday, with the dollar easing after weak U.S. manufacturing data dented expectations of an aggressive string of interest rate hikes by the U.S. Federal Reserve. FUNDAMENTALSSpot gold was up 0.1 percent at $1,231.06 per ounce at 0057 GMT. On Monday, t touched its highest since May 4 at 1,237.26.U.S. gold futures were up 0.1 percent at $1,230.90 an ounce.The dollar index , which measures the greenback's value versus the euro, yen and four other major currencies, was down about 0.1 percent. The New York Fed said on Monday its barometer on ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, May 16 2017. 06:47 IST