US gold inches higher on bargain hunt, soft dollar

Newswire

NEW YORK, Dec 29 (Reuters) - U.S. gold futures inched up in quiet trade Friday as a lower dollar prompted investors to bargain hunt in the last trading session before the new year. At 10:19 a.m. EST (1519 GMT), gold for February delivery on the COMEX metals trading division of the New York Mercantile Exchange gained slightly, up 10 cents at $637 an ounce, near its three-week high. It traded in a tight range between $634.50 and $637.90. The February contract has ended higher in the last ...

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