Economic news

Gold on track to three-week peak

Gold futures inched up on Tuesday, on course for their best finish in about three weeks, as traders shrugged off moderate dollar rise.

February gold on Comex increased 0.3%, to $1,282.90 an ounce. The yellow metal’s futures have risen roughly 11% for the year.

The Dollar Index ticked up 0.02% to 93.39.

March silver climbed 0.4%, to $16.51 an ounce.

Volumes may remain low as many traders may stay away until after the new year. European markets were also closed for Christmas weekend.

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