Gold prices climb on safe-haven demand and weaker dollar
Gold prices climb for the third consecutive session amid a softer dollar and geopolitical tensions. NEW YORK, May 22: Gold prices rose for a third straight session on Wednesday, reaching a one-week high, supported by a weakening US dollar and growing safe-haven demand amid ongoing economic and geopolitical uncertainty.As of 1:55 p.m. ET (5:55 p.m. GMT), spot gold gained 0.7% to trade at $3,312.77 per ounce, while US gold futures closed 0.9% higher at $3,313.50.The US dollar index (.DXY) fell 0.6% against a basket of major currencies, making gold more...