Gold rises for third session as dollar moves little in Asia

Economies.com
2018-09-21 05:04AM UTC

Gold futures titled higher in Asian trade to September 13 highs. as the dollar index settled near two-month lows, ahead of US manufacturing and services data. 

 

As of 04:55 GMT, gold futures due in December rose 0.17% to $1,1213.30 an ounce, marking week highs, while the dollar index barely inched lower to 93.90  against a basket of major rivals. 

 

Now investors await US data on manufacturing and services PMIs, with the first estimated at 55.1, up from 54.7, while the second is also expected with an increase to 54.9 from 54.8. 

 

Markets also look forward to the Federal Open Market Committee's September 25-26 policy meeting in Washington, with analysts betting on another 0.25% rate hike to just below 2.25%. 

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