TOKYO (Reuters) – Gold inched up toward $1,060 on Monday as the dollar fell to a 14-month low against the euro, but weak physical demand capped the upside for bullion. After hitting record highs above $1,070 per ounce on October 14, gold prices have traded in a narrow range, centering around $1,060, with support near $1,040. Gold has gained on the dollar’s decline because a weaker dollar boosts investor interest in gold as a hedge and makes bullion cheaper for non-dollar holders, but buying
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Gold inches up as dollar retreats against euro
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