DUBAI: Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States, pushing up Dubai gold prices to Dh143 per 22 carrat, up from Dh142.50/carrat yesterday.
Globally, spot gold had risen 0.2 per cent to $1,255.51 per ounce at 0334 GMT, while US gold futures were up 0.3 per cent at $1,257.9. Spot gold hit its highest since March 28 at $1,257.10. A measure of US manufacturing activity retreated from a 2-1/2 year high in March amid a decline in production and an inventory drawdown.
