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Gold gains as dollar weakens Monday

February 12, 2018 10:27 AM
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Gold gains as dollar weakens Monday

By 10:04 am GMT, gold futures grew 0.56% or $7.40 to $1,323.10 per ounce, while spot gold gained 0.35% or $4.59 to reach $1.321.24 per ounce.

Last week, prices for the precious metal had dropped by 1.6% as the dollar rose, logging strong gains at a time when US bourses suffered sharp drops and volatility.

Investors are awaiting data on US inflation due this week, which in turn will act as an indicator to whether or not the Federal Reserve will hike interest rates further.

infrastructure is funded and developed. However, the programme itself faces Congress and financing hurdles as to where the money to pay for it will come from.


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