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Gold rises for a fourth day as dollar eases on weak U.S. data


By Vijaykumar Vedala(Reuters) - Gold prices rose for a fourth day on Tuesday as the dollar eased on signs of slower economic activity in the United States that dented expectations of an aggressive string of interest rate hikes by the U.S. Federal Reserve.The New York Federal Reserve bank said on Monday its Empire State Manufacturing Activity index, a report on business activity in the state, unexpectedly fell in May, sinking into negative territory for the first time since October. The weaker-than-expected report could be a harbinger a possible deterioration in the U.S. manufacturing ...

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First Published: Tue, May 16 2017. 11:12 IST