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Gold prices rose slightly on Thursday as the dollar declined. The investors aspired a speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes and the health of the economy.
Gold rose 0.1 percent higher at $1,753.01 per ounce, as of 0110 GMT. U.S. gold futures increased 0.3 percent at $1,766.
The dollar declined 0.2 percent, making gold less expensive for buyers holding other currencies, while benchmark U.S. 10-year Treasury yields held near multi-week highs hit in the previous session. Higher interest rates rise the opportunity cost of keeping non-yielding bullion while improving the dollar.
