Gold Hits More Than Six-Week High As Dollar, Stocks Slip

Gold touched its highest in more than six weeks on Tuesday as Asian stock markets and the U.S. dollar weakened ahead of a UK national election and a European Central Bank meeting scheduled for Thursday. Also on Thursday, former head of the U.S. Federal Bureau of Investigation, is due to appear before a Senate committee for the first time. Comey was fired by President Donald Trump in May while leading a probe into alleged Russian meddling in last year's U.S. election. 

The events all have the potential to boost the safe-haven appeal of bullion, which is often used as an investment option during times of political and financial uncertainty. U.S. gold futures were up 0.4 percent to $1,287.1 an ounce.

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