Print Edition - 2018-02-15  |  Money Digest

Gold hits one-week high on weaker dollar

- Reuters, NEW YORK

Feb 15, 2018-

Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited US inflation data for clues on the pace of future US interest rate increases. Spot gold was up 0.2 percent at $1,332.01 an ounce, as of 0745 GMT. Earlier in the session, it hit $1,336.86, its highest since Feb. 6. US gold futures rose 0.3 percent to $1,334.7 per ounce. The dollar index was down 0.1 percent against a basket of currencies at 89.590, after touching a one-week low of 89.378. A retreat in the greenback helped the bullion—which is priced in dollars—gain over 2 percent from a one-month low of $1,306.81 hit last week.

Published: 15-02-2018 09:47

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