MTECHTIPS;-Gold rises to 2-week high as dollar, stocks ease

MTECHTIPS;-Gold rises to 2-week high as dollar, stocks ease

Gold prices rose to a two-week high amid low-volume holiday trading on Thursday, as the U.S. dollar and global stock markets pulled back. Gold was up $5.25, or 0.46%, to $1,146.15 at 08:26 ET. The U.S. dollar fell from its 14-year-high against a basket of currencies as investors took profits in the run-up to the end of the year. Meanwhile, global stock markets slumped in wake of a downbeat performance on Wall Street overnight. Market analysts warned that the outlook for gold remains cloudy in the near-term, given expectations for higher U.S. interest rates in the months ahead.

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