Gold edges higher on softer dollar

Gold prices held firm on Tuesday near a two-week high hit in the previous session, helped by a subdued dollar, while investors awaited U.S. inflation data that could provide cues on the Federal Reserve’s interest rate hike path.

Spot gold rose 0.1% to $1,725.70 per ounce, as of 0041 GMT. U.S. gold futures were down 0.2% at $1,736.80.

The dollar index hovered close to its lowest level since Aug. 26, making the greenback-priced gold less expensive for overseas buyers.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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