Gold eyes $1 300 again as weaker dollar, fund inflows support

May 3, 2016

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Gold rose on Tuesday, in another attempt to cross the key $1 300-an-ounce level, as the US dollar extended losses and as assets of the top bullion fund rose to their highest in over two years. Gold has rallied sharply since late last week after the dollar slumped on the Federal Reserve’s cautious stance towards higher US rates and as the yen soared after the Bank of Japan stood pat on policy last week.

Category: General