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Gold hits one-week high on dollar weakness, geopolitical tensions

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold prices touched their highest in a week early on Wednesday, as the dollar index hovered near two-week lows and investor jitters about a host of geopolitical tensions stoked demand for the safe-haven metal.Spot gold was on track for a fourth straight session of gains, up 0.1 percent at $1,340.64 an ounce as of 0320 GMT. Prices earlier rose to a one-week high of $1,342.64 an ounce.U.S. gold futures were down 0.1 percent at $1,344 an ounce."Lots of things are happening at the same time - the (U.S.-China) trade war, a possible U.S. attack on Syria that ...

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First Published: Wed, April 11 2018. 09:13 IST
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