Stock advisory Company >> Gold inches up as dollar weakens after US Senate tax bill stalls

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Spot gold was up 0.1 percent at $1,275.61 an ounce at 0119 GMT. On Thursday, it fell 0.7 percent to touch its lowest since Nov. 6 at $1,270.11. The yellow metal is down nearly 1 percent for the week.

Gold prices edged higher early Friday, after marking a 3-1/2 week low in the previous session, as the dollar weakened slightly after the progress on U.S. tax legislation hit a roadblock.

FUNDAMENTALS

* Spot gold was up 0.1 percent at $1,275.61 an ounce at 0119 GMT. On Thursday, it fell 0.7 percent to touch its lowest since Nov. 6 at $1,270.11. The yellow metal is down nearly 1 percent for the week.

* U.S. gold futures gained 0.1 percent at $1,274.30.