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Gold set to rise for fifth week as slumping dollar draws investors

Reuters 

By Sethuraman N R(Reuters) - Gold prices rose for a third straight session on Friday to their highest since September as the slumping dollar drew investors to buy the yellow metal. Bullion is on track for its fifth weekly gain. Spot gold edged up 0.3 percent to $1,326.68 an ounce by 0318 GMT. Prices rose their highest since Sept. 15, 2017, at $1,327. Gold is up 0.5 percent for the week so far and the streak of weekly gains is the most since the week ending April 14. U.S. gold futures were up 0.3 percent at $1,326.90 an ounce.The dollar index, which measures the greenback against six rival ...

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First Published: Fri, January 12 2018. 10:46 IST
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