| Gold extended gains to a second session on Wednesday, as a softer dollar increased its appeal as a hedge, with investors awaiting stronger clues on when the Federal Reserve will raise US rates. Spot gold rose 0.1 per cent to $1,177.20 an ounce by 0211 GMT (6.11am UAE time). The metal gained 0.5 per cent in the previous session, snapping a three-day losing streak.
With gold now above its 200-day moving average near $1,175, some expect more gains though trading could be quiet ahead of the ECB policy meeting on Thursday and Fed meeting next week...............................................Full Article: Source
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