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Gold price gain keeps buyers at bay; market eyes China holiday boost

Reuters  |  BENGALURU/MUMBAI 

By Nithin ThomasPrasad and Rajendra JadhavBENGALURU/MUMBAI (Reuters) - Demand for physical gold remained lacklustre across top Asian centres this week as buyers were put off by a rally in prices, but an approaching Chinese New Year could reignite appeal for the yellow metal.Gold prices rose for a third session on Friday to hit their highest since September, with a slump in the U.S. dollar helping drive bullion towards its fifth straight weekly gain.High prices are weighing on physical demand for gold, but demand is expected to rise ahead of the Chinese New Year, according to Brian Lan, ...

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First Published: Fri, January 12 2018. 16:46 IST
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