London — Gold prices rose on Tuesday after hitting a five-week low, as the dollar steadied after reaching a three-week peak following hawkish comments from an influential US Federal Reserve official. New York Fed president William Dudley said on Monday that labour market tightness should help drive up inflation, reinforcing the message that recent weak data would probably not derail plans to keep raising interest rates. The greenback had a further lift on Tuesday following dovish comments from Bank of England governor Mark Carney, but later gave back gains to trade little changed versus a basket of major currencies. Carney ended more than a month of silence with a major speech that pushed back against rate hawks in the Bank of England and re-emphasised his concerns about the impact of Brexit on the economy. "It (another rate hike) is not entirely unlikely. Gold from now to the end of the year could see slight drops, especially if (on top of Fed hikes) the European Central Bank start...
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