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Gold edges higher on lower oil prices, subdued dollar
Gold inched higher on Friday as lower oil prices and a subdued US dollar offered support, while market participants kept their focus on developments in the Middle East and the outlook for global monetary policy. Spot gold was up 0.2% at $4,346.65 per ounce, as of 0145 GMT. US gold futures were down 0.3% at $4,385.70. Oil prices fell 1%, while the dollar remained subdued after retreating from recent highs. A weaker dollar makes greenback-priced commodities less expensive for holders of other currencies. The link between gold and oil could weaken if oil corrects sharply, easing inflation and rat...
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