Gold Inches Up From 8-week Low As Dollar Slips

Gold on Wednesday edged up from an eight-week low hit in the last session as the dollar slipped after U.S. President Donald Trump fired FBI Director James Comey, but expectations of a U.S. interest rate hike in June kept bullion prices under pressure.  Spot gold was up 0.1 percent at $1,221.82 per ounce at 0105 GMT. It hit $1,213.81 an ounce on Tuesday, its lowest since March 15.
U.S. gold futures were up 0.5 percent at $1,221.80 an ounce. The dollar slid on Wednesday and the perceived safe-haven yen gained after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington. Also supporting bullion were rekindled fears that North Korea could be gearing up for another weapons test.For More Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774