Gold prices hit 5-month peak on weaker dollar, inflation worries


Glittering haven: Gold of various weights and sizes sit at Gold Investments Ltd bullion dealers in London. — Bloomberg

BENGALURU: Gold prices scaled a near five-month high on Tuesday, driven by a weaker dollar and growing inflationary pressures, while investors awaited more U.S. data to gauge the extent of the global economic recovery.

Spot gold was up 0.4% at $1,915.01 per ounce by 0636 GMT, its highest since Jan.8.

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