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Gold rises as U.S. rate-hike view grounds dollar

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold prices rose on Monday on the back of a subdued dollar as investors considered the prospects of fewer interest rate hikes in the United States this year.Spot gold was up 0.2 percent at $1,320.80 per ounce as of 0643 GMT, after marking the highest since April 26 at $1,325.96 in the previous session.U.S. gold futures for June delivery were little changed at $1,320.80 per ounce."Investors are watching the U.S. bonds and the dollar closely and taking cue from there for the direction of gold price," said Joshua Rotbart, managing partner, J. Rotbart & Co in ...

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First Published: Mon, May 14 2018. 17:36 IST