RTTN: Gold Edges Up Near $1,230 Amid A Mixed Dollar
(RTTNews) - The price of gold edged up Tuesday morning amid a mixed dollar, as traders await a slew of economic releases later today.
Gold for December delivery, the most actively traded contract, was up $2.80 to $1,229 an ounce. Yesterday, gold rose $9.60 on safe haven buying after Japan said its economy grew at a slower pace in second quarter.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,286.70 tons.
Meanwhile, the U.S. dollar was edging lower versus the euro and ticking higher against sterling. The buck was lingering around its lowest level since 1995 versus the yen.
Elsewhere, the prices of silver and platinum ticked higher in morning deals.
Traders will look to the data on housing starts, building permits and industrial output for July from the U.S., due out later today.
