KONTAN.CO.ID - JAKARTA. Gold prices extended gains on Tuesday to inch closer to the $2,000 mark as the dollar weakened, with traders also focusing on minutes from the U.S. Federal Reserve's last policy meeting set to release this week. Spot gold rose 0.5% to $1,994.82 per ounce by 0537 GMT. U.S. gold futures edged 0.2% higher to $2,002.40. Prices of the metal had jumped on Monday, with further impetus from Warren Buffett's Berkshire Hathaway buying a stake in major gold miner Barrick Gold Corp and retreating U.S. Treasury yields. On Tuesday, the dollar fell 0.2% to a more than one-week low, making gold cheaper for those holding other currencies. Minutes from the Fed's last meeting, due on Wednesday, is also on investors' radar. "The FOMC will hold the key to plus $2,000," said Stephen Innes, chief market strategist at financial services firm AxiCorp.
Gold prices extend gains on dollar weakness, $2,000-mark eyed
KONTAN.CO.ID - JAKARTA. Gold prices extended gains on Tuesday to inch closer to the $2,000 mark as the dollar weakened, with traders also focusing on minutes from the U.S. Federal Reserve's last policy meeting set to release this week. Spot gold rose 0.5% to $1,994.82 per ounce by 0537 GMT. U.S. gold futures edged 0.2% higher to $2,002.40. Prices of the metal had jumped on Monday, with further impetus from Warren Buffett's Berkshire Hathaway buying a stake in major gold miner Barrick Gold Corp and retreating U.S. Treasury yields. On Tuesday, the dollar fell 0.2% to a more than one-week low, making gold cheaper for those holding other currencies. Minutes from the Fed's last meeting, due on Wednesday, is also on investors' radar. "The FOMC will hold the key to plus $2,000," said Stephen Innes, chief market strategist at financial services firm AxiCorp.