Gold prices rise on softer dollar, investors focus on US Fed Reserve meet

Topics Gold Prices


By Brijesh Patel (Reuters) - Gold prices rose on Tuesday as the dollar remained subdued, with investors turning their focus to a U.S. Federal Reserve monetary policy meeting, seeking details of its plans on inflation targeting. Spot gold was up 0.3% at $1,962.78 per ounce by 0259 GMT, adding to a 0.8% gain in the previous session.

U.S. gold futures climbed 0.5% to $1,972.60. "Gold looks firm mainly because of a weaker dollar and also U.S. Treasury yields are coming down a bit," said Edward Meir, an analyst at ED&F Man.....

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