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Gold nudges up after falling to 10-month lows

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold edged up on Tuesday as bargain hunters moved in after prices touched their lowest in 10 months in the previous session, although the chance of a rate hike as early as next week kept a lid on gains.Spot gold was up 0.3 percent at $1,173.66 an ounce by 0300 GMT. The yellow metal touched $1,157 an ounce on Monday, its lowest since Feb. 5.U.S. gold futures, which also touched a 10-month low in the prior session, shed 0.1 percent to $1,175.30 per ounce."With a Fed rate hike approaching, the whole market is just waiting for that," said Jiang Shu, chief ...

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First Published: Tue, December 06 2016. 10:14 IST