Gold Rises on Softer Dollar, Slower Rate-Hike Hopes
Singapore, January 23 (QNA) – Gold prices edged up during early Asian hours on Monday, aided by a softer dollar and prospects of slower rate hikes from the US Federal Reserve.
Spot gold was up 0.1% at $1,929.04 per ounce.
US gold futures were little changed at $1,929.00.
The dollar index dipped 0.1%, making greenback-priced bullion cheaper for holders of other currencies.
Spot silver gained 0.2 % to $24.00 per ounce, platinum fell 0.2% at $1,041.75, and palladium rose 1% to $1,744.86. (QNA)