Gold futures end higher on weaker dollar
Gold futures ended higher on Tuesday, with gains over one and half a percent, as the U.S. dollar weakened. A weaker U.S. currency makes greenback-priced bullion more affordable for holders of other currencies. Also, easing inflation concerns amid hopes of a resumption in U.S.-Iran talks supported yellow metal prices.
Gold futures for June delivery rose $82.7 to 1.73% to settle at $4,850.10 an ounce on the Comex division of the New York Mercantile. Spot gold was down by $14.18 or 0.29% to $4,827.57 an ounce.
