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Gold inches up on weaker dollar, equities

Reuters 

(Reuters) - Gold prices edged up early on Thursday after hitting a near four-month high in the previous session, on a weaker dollar and as a rally in equities ran out of steam. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,318.49 an ounce by 0048 GMT. Prices hit a near four-month high at $1,326.56 an ounce on Wednesday.* U.S. gold futures were little changed at $1,319 an ounce.* Gold prices on Wednesday reversed their losses and rose over 1 percent as the dollar swooned after a report that Chinese officials had recommended slowing or halting purchases of U.S. Treasury securities.* ...

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First Published: Thu, January 11 2018. 06:47 IST
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