Gold rises 1.4% as oil eases and dollar softens
In short
Spot gold rose 1.4% to $4,189.99 by 0842 GMT and was heading for a weekly gain. The report says easing oil prices and a softer dollar helped the move.
This matters for gold traders because the metal got a lift. The reporting does not say how big the weekly gain will be or what caused the oil and dollar moves.
What the reporting says
Spot gold rose 1.4% to $4,189.99 by 0842 GMT, according to the publisher-supplied summary, and was heading for a weekly gain. The move came as oil prices eased and the dollar softened. The reporting does not state the full weekly performance or what prompted the currency and oil moves.
Why it matters
Spot gold rose 1.4% to $4,189.99 by 0842 GMT and was heading for a weekly gain, according to the summary. The move was linked to easing oil prices and a softer dollar. That supports bullion prices in the near term and is relevant for commodities traders, but the report does not give the size of the weekly gain or explain the drivers behind the oil and currency moves.