Economic news

Gold rises on weaker dollar

Gold prices inched up modestly Monday from the five-month trough touched on Friday.

February gold ticked up 0.3%, to $1,252.40 an ounce. It dipped Friday to $1,248.40, the lowest level since July 20, according to FactSet data. March silver increased 0.4% to $15.885 an ounce.

The Dollar index DXY slipped 0.1% to 93.78.

Traders are focused on the midweek Federal Reserve meeting, an interest-rate hike is highly expected.

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