Gold prices edge up on weaker dollar

Singapore: Gold prices edged higher in early Asian trade yesterday, helped by a weaker US dollar.

It rose  although chances of more interest rate hikes by the Federal Reserve this year to tame sticky inflation weighed on bullions appeal.

Spot gold rose 0.3 percent to $1,926.29 per ounce. 

US gold futures were up 0.3 percent at $1,936.10 per ounce.

The dollar index was down 0.2 percent, making gold more attractive for buyers holding other currencies.

Spot silver rose 0.7 percent to $22.57 per ounce, while platinum gained 0.8 percent to $924.13. 

Palladium rose 1 percent to $1,297.63