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Read more about Gold scales near 5-month peak on weaker dollar, inflation worries on Business Standard. Spot gold was up 0.2% at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session ....
By Brijesh Patel (Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was uneven and far from complete. Spot gold was down 0.3% at $1,803.62 an ounce by 2:10 p.m. EST (1910 GMT), after briefly moving into positive territory as the dollar dipped following Powell s comments. U.S. gold futures settled down 0.1% at $1,805.90. Powell said it will be some time before the Fed considers changing policies it adopted to help the economy get back to full employment and he does not expect inflation to rise to troubling levels. ....