Gold edges higher as investors await US inflation data

Gold prices increased on Tuesday as the dollar weakened and initial trade truce optimism faded, with investors awaiting US inflation data later in the day.

As of 12:30 PM GMT, spot gold rose 0.17 per cent to $3,240.57 per ounce, higher than its previous close of $3,235. Meanwhile, US gold futures increased 0.61 per cent to $3,247.79 per ounce, down from Monday’s closing price of $3,228.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser