Gold rises as weaker U.S. dollar supports spot prices
Gold gained in early Asian trade, supported by a weaker U.S. dollar and comments that temper U.S. rate-hike expectations. Spot gold was up 0.3% at $4,484.20 a troy ounce, ANZ Research said.
Gold rises in early Asian trade.
Sentiment is likely supported by a weaker U.S. dollar and slightly more dovish comments from the U.S. policymakers, tempering rate hike expectations, ANZ Research writes in a note.
Spot gold is 0.3% higher at $4,484.20 a troy ounce. (kimberley.kao@wsj.com)