Gold prices crept higher as dollar weakened

Gold prices crept higher as dollar weakened

0

LONDON: Gold prices crept higher on Tuesday as dollar weakened and as investors awaited potential US action against the suspected use of chemical weapons in Syria.

Spot gold was up 0.1 per cent at $1,337.16 an ounce at 1250 GMT, having risen to a near one-week high of $1,338.12 earlier in the session. US gold futures added 0.03pc to $1,340.50 an ounce. If gold breaks through resistance of $1,340, it could move back to the late March highs just under $1,360, Butler added.

About author
Profile photo of Urooj Fatima

Urooj Fatima

A self-motivated & result oriented individual whose modus operandi is to weave elements of success together & forge ahead in all spheres of life.

Your email address will not be published. Required fields are marked *