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Gold prices recover from two-month low as dollar rally stalls
Gold prices edged higher on Thursday as the dollar eased from an 18-month peak, helping bullion recover from a two-month low, while traders weighed the prospect of another US Federal Reserve rate hike this year. Spot gold was up 0.5% at $4,132.66 per ounce by 0140 GMT. On Wednesday, bullion prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed on the market. US gold futures for December delivery gained 0.4% to $4,157.60. The pullback in the dollar boosted demand for greenback-priced gold, which becomes cheaper for buyers using other curr...
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