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Gold hits over 1-month high on easing dollar

Reuters  |  BENGALURU 

By Eileen SorengBENGALURU (Reuters) - Gold prices rose on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar stumbled after the United States and China agreed to a temporary truce in their trade conflict that rattled global markets.Spot gold climbed 0.4 percent to $1,235.78 per ounce at 0400 GMT. Prices touched a peak of $1,236.01 earlier in the session, their highest since Nov. 2. U.S. gold futures were little changed at $1,240.3 per ounce."Dollar weakness is primarily driving gold prices higher," said Benjamin Lu, a commodities analyst at Phillip ...

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First Published: Tue, December 04 2018. 10:10 IST
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