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Gold hits one-week peak on dollar weakness, geopolitical concerns

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold prices touched a one-week high on Wednesday, as the dollar fell to two-week lows and as a host of geopolitical factors stoked demand for the safe-haven metal.Spot gold rose 0.4 percent to $1,344.16 an ounce as of 0704 GMT, its fourth straight session of gains. Prices earlier hit a one-week high of $1,345.35 an ounce.U.S. gold futures gained 0.2 percent at $1,348 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 navigates to conflict between the United States and Russia, and that ...

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First Published: Wed, April 11 2018. 13:04 IST