Indian Stock Market Tips: Gold Recovers From Two-Week Low On Softer Dollar

Gold edged up on Tuesday, recovering from a more than two-week low hit in the previous session, on the back of a slightly weaker dollar.

Fundamentals

* Spot gold was up 0.1 percent at $1,283.36 an ounce by 0043 GMT. It hit its lowest since Oct. 6 at $1,271.86 in the previous session.

* U.S. gold futures for December delivery rose 0.3 percent to $1,284.80 per ounce.

* The dollar index was down 0.1 percent at 93.788. The dollar slipped 0.1 percent to 113.35 yen after touching an over three-month high in the previous session.

* Trump told reporters on Monday he is "very, very close" to making his decision on who should chair the Federal Reserve.

* The Fed will raise interest rates in December and twice next year, according to a Reuters poll of economists, who now worry that the central bank will slow its tightening because of expectations that inflation will remain low.

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