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Gold inches up as dollar slides, even as risk premium fades

Reuters  |  NEW YORK/LONDON 

By Chris Prentice and Jan HarveyNEW YORK/LONDON (Reuters) - Gold prices rose on Monday as losses in the U.S. dollar bolstered, though 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 up 0.10 percent at $1,346.31 per ounce by 2:49 p.m. EST, up 0.1 percent, as U.S. gold futures for ...

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First Published: Tue, April 17 2018. 01:06 IST