Gold hits highest level since early February
A weaker dollar and growing inflationary pressure is bolstering gold’s appeal as an inflation hedge
18 May 2021 - 07:54
Bengaluru — Gold prices extended gains on Tuesday, hitting their highest level in more than three-and-a-half months, as a weaker dollar and growing inflationary pressure bolstered the metal’s appeal as an inflation hedge.
Spot gold was up 0.1% at $1,868.27/oz by 3.14am GMT, after hitting its highest since January 29 at $1,873.41 earlier in the day. US gold futures were steady at $1,868.30/oz...
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