Gold edges up as dollar weakens
Gold futures edged higher in mid day London electronic session as the US dollar weakened against its major counterparts, weighed down by expectations the Federal Reserve will keep its low-rate stance at the end of its monetary-policy meeting.
Gold prices rose 1.5 per cent on Tuesday on the weaker US dollar, with investors keeping a close eye on the currency ahead of the US presidential election result and expected central bank interest rate cuts this week.