Bengaluru — Gold inched up on Tuesday on the back of a slightly weaker dollar, but traded in a tight range amid possibilities of an early announcement on the next US Federal Reserve chair. Spot gold was up 0.1% at $1,282.80 an ounce by 3.37am GMT, after hitting its lowest since October 6 at $1,271.86 in the previous session. US gold futures for December delivery rose 0.3% to $1,284.60/oz. "Nothing really spurring a big sell-off for gold yet. We’re waiting for currency direction … maybe people are anxious about an early announcement from Trump on the Fed chair," said a Hong Kong-based trader. The dollar slipped against a basket of major currencies and the yen, after climbing to a more than three-month high against the latter in the previous session, as attention turned to who would be the next Fed chairman. President Donald Trump told reporters on Monday he was "very, very close" to making his decision on who should chair the Fed. He is said to be considering Fed governor Jerome Powe...
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