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Gold inches higher as dollar hits two-week low

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold was on track for its fourth straight session of gains on Thursday as the dollar skidded to its lowest in two weeks on concerns about the impact of high levels of U.S debt and tax cuts.Spot gold was up 0.2 percent at $1,353.73 an ounce by 1106 GMT after earlier hitting its highest since Jan. 25 at $1,357.08. It had risen 1.6 percent on Wednesday, its highest one-day gain since May 2017.U.S. gold futures were down 0.1 percent at $1,356.8 per ounce."We are back to what was driving gold prior to that little spike in volatility last week which is the ...

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First Published: Thu, February 15 2018. 19:13 IST