Gold settles above $1,250 as dollar dips

Economies.com
2018-12-11 04:02AM UTC

Gold futures tilted higher in Asian trade as the dollar index slipped from late November highs for another session, ahead of US inflation data later today. 

 

As of 03:59 GMT, gold futures due in February added 0.15% to $1,251.30 an ounce, as the dollar index shed 0.12% to 97.10 off two-week highs. 

 

Now investors await US producer prices data, expected with no change in November, compared to a 0.6% increase in October. 

 

Core producer prices are estimated with a 0.1% increase, slowing down from 0.5%, while expected with a 2.5% yearly increase, down from 2.6%. 

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