Gold Rises on Softer Dollar

London, January 24 (QNA) – Gold prices edged higher on Tuesday as the dollar weakened, with bullion’s near-term trajectory likely hinging on US economic data due this week that could influence the Federal Reserve’s interest rate strategy.

Spot gold was up 0.2% at $1,935.04 per ounce. US gold futures gained 0.4 % at $1,935.60.

The dollar index dipped 0.2%, making greenback-priced bullion more affordable for many buyers.

Spot silver gained 0.3% to $23.52 per ounce. Platinum rose 0.8% at $1,055.25 and palladium advanced 0.5% to $1,712.57.


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