Gold prices edged higher on Tuesday, drawing some support from a subdued dollar as investors assessed the severity of the Omicron coronavirus variant’s impact on the global economy.
Spot gold XAU= rose 0.2% to $1,787.70 per ounce by 0415 GMT. U.S. gold futures GCv1 increased 0.3% to $1,790.40.
The dollar index =USD edged 0.1% lower, reducing the metal’s cost to buyers holding other currencies.
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