Gold Claws Up on Softer Dollar as ECB Meets

Gold Claws Up on Softer Dollar as ECB MeetsGold Silver Reports — Gold Claws Up on Softer Dollar as ECB Meets — Gold moved higher, bolstered by a softer dollar on views that the US central bank is in no hurry to raise interest rates and as the European Central Bank kept up its economic stimulus programme. Gold held strong gains from Friday when weak US jobs data led investors to bet that a September rate rise was no longer on the cards, sending the dollar spiralling down. Spot gold rose 0.2% to $1,347.17 an ounce by 1205 GMT, with US gold futures up 0.2% to $1,352.10. — Neal Bhai Reports

Gold Claws Up on Softer Dollar as ECB Meets



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