Gold Rises As Dollar Dips, Looming U.S. Rate Hike Limits Gains

Gold prices rose on Wednesday as the dollar dipped and simmering geopolitical tensions lent support, though the metal was little changed for the month amid an increased chance of a U.S. interest rate rise next month. The dollar edged lower versus a currency basket amid growing political tension in Washington. Sterling recovered after a poll showed Britain's ruling Conservatives still leading ahead of elections next week. A previous projection indicated a hung parliament.

The greenback's losses, however, were limited by U.S. economic data this week that supported the case for a Federal Reserve interest rate hike next month. U.S. economic data on Wednesday was mixed. For More Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774