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Gold inches up as dollar slides, but risk premium fades

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold edged higher on Monday as the dollar fell, but gains were muted as financial markets bet that air strikes on Syria would not escalate into a wider conflict.Prices have trended sideways since January, buoyed by geopolitical worries but capped by expectations for further U.S. interest rate hikes and strong technical resistance at $1,360-$1,365 an ounce - their January, February and April highs.Spot gold was at $1,346.91 an ounce at 1335 GMT, up 0.1 percent, while U.S. gold futures were 0.2 percent higher at $1,350.10 an ounce. Forces from the United States, ...

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First Published: Mon, April 16 2018. 19:44 IST