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Business

REUTERS
April 17, 2018

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Gold higher

Bengaluru: Gold prices edged higher early on Monday, even as the dollar and equity markets firmed on relief that weekend missile strikes against Syria by the United States, France and Britain may be a one-off event.

Spot gold was up 0.1 percent at $1,346.1 an ounce as of 0115 GMT after an initial dip, and U.S. gold futures rose 0.1 percent to $1,349.2 an ounce.

U.S., British and French forces pounded Syria with air strikes early on Saturday in response to a poison gas attack that killed dozens of people last week, in the biggest intervention by Western powers against Syrian President Bashar al-Assad. Western powers will study "options" if Syria´s government again uses chemical weapons, but nothing is planned as yet, Britain´s foreign minister said on Sunday, after raids on Syrian targets triggered heated debate over their legality and effectiveness.

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