Gold edges higher, but firmer dollar caps gains
Iran’s seizure of a UK oil tanker, geopolitical tensions and the Fed eyeing cutting rates are boosting bullion, analyst says, but people worry about the stronger greenback
Bengaluru — Gold prices gained on Monday following a steep fall in the previous session as tensions in the Middle East and weaker financial markets supported the metal, while a stronger dollar kept a lid on gains.
Spot gold was up 0.2% at $1,427.26 per ounce in early-morning trading. The metal hit $1,452.60 in the previous session, its highest since May 2013, before closing 1.5% lower...