Gold inches up towards $1 020 on weak dollar
Gold rose to $1 020 on Tuesday as the dollar fell against the euro and crude oil maintained its strength, although some resistance emerged around that level.
Purchases of bullion were picking up in India, a top consumer of the precious metal, providing support for the market. Buying traditionally typically increases in India during Diwali, the Hindu festival of lights.
Traders said US gold futures remained vulnerable to a sudden drop because of near record-high positions held by speculators. Read more
