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Gold prices climb to over one-month high on weaker dollar

Reuters  |  BENGALURU 

By Eileen SorengBENGALURU (Reuters) - Gold prices gained on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar slipped after the United States and China agreed to a temporary truce in their trade conflict that rattled global markets.Spot gold rose 0.6 percent to $1,238.36 per ounce at 0824 GMT. Prices touched a peak of $1,238.83 earlier in the session, their highest since Oct. 26. U.S. gold futures were up 0.3 percent at $1,243.4 per ounce."After the G20 summit safe haven buying in the dollar index has reduced therefore gold is looking very strong," said ...

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First Published: Tue, December 04 2018. 14:10 IST