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Gold set for fifth week of gains as dollar slumps vs euro

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold rose to a four-month high on Friday and was on track for a fifth straight weekly gain as the dollar fell against the euro on an agreement for a political coalition in Germany.Spot gold was up 0.7 percent at $1,332.17 an ounce by 1253 GMT, having touched its highest since Sept. 15 at $1,333.02. The precious metal is up 0.9 percent this week and set for its longest run of weekly gains since April. U.S. gold futures were up 0.8 percent at $1,332.90.The dollar index, which measures the greenback against six major currencies, fell to its lowest since Sept. ...

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First Published: Fri, January 12 2018. 18:46 IST