Gold up on weaker dollar, sluggish U.S. economic data

Gold prices edged up on Monday, propped up by a weaker dollar and sluggish economic data from the United States, while the Lunar New Year holiday in Asia was seen limiting gains. We are Provide Stock advisory tips

                                FUNDAMENTALS 

* Spot gold was trading up 0.2 percent at $1,193.70 per ounce by 0029 GMT. 

 

* U.S. gold futures rose 0.4 percent, to $1,193.20 an ounce. 

 

* The dollar index, which measures the greenback against a basket of currencies, was down 0.2 %. 

 

* Gold demand in India improved, boosted by a fall in prices overseas, although some consumers are waiting in the hope that import duty will be cut in the government's budget. 

 

* Hedge funds and money managers added to their bullish position in COMEX copper contracts for a third straight week, in the week to Jan. 24, lifting it to a record, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. 

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