ENM: Gold futures edge higher on international cues
MUMBAI: Gold futures edged higher on Tuesday tracking international prices, which rose on some renewal in demand, analysts
said.
International gold clawed back above $930 an ounce on Tuesday, after falling by more than $30 from last week's peak of $965 on a rally in the dollar, which had led to a shift of funds out of commodities.
Analysts expect the yellow metal to move in a range on Tuesday tracking economic data for the day. The U.S. May housing starts and U.S. May producer price index data will be released on Tuesday.
"We expect bullion prices to trade sideways tracking the performance of the US dollar and the economic events," said an analyst with Karvy Comtrade Ltd.
At 11:02 a.m., Comex August gold was up 0.68 percent at $933.8 an ounce.
