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Gold rises on dollar weakness, pause in stocks rally

Reuters 

By Sethuraman N R(Reuters) - Gold prices rose for a second day on Thursday, extending the gains in the previous session when prices climbed to the highest since September, as dollar weakness and a flagging rally in equities enticed investors to buy the yellow metal. Spot gold was up 0.2 percent at $1,318.98 an ounce by 0242 GMT. Prices rose to as high as $1,326.56 an ounce on Wednesday, the most since Sept. 15.U.S. gold futures were little changed at $1,319.10 an ounce.Gold prices on Wednesday rose over 1 percent as the dollar swooned after a report that Chinese officials had recommended ...

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First Published: Thu, January 11 2018. 09:35 IST
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