Gold edges up; looming U.S. rate hike weighs on momentum
(WorldNews Business)

By Apeksha Nair (Reuters) - Gold prices ticked up amid a softer dollar on Monday, but lacked impetus to push higher weighed by expectations of an increase in interest rates in the United States. Spot gold was up 0.2 percent at $1,249.90 an ounce, as of 0751 GMT, after hitting its lowest since July 26 at $1,243.71 last week. U.S. gold futures were 0.3 percent higher at $1,251.70. The dollar gave up some early gains on Monday, but losses were limited as...