Gold price gains on weaker dollar, with eyes on inflation data
Spot gold was up 0.8% at $1,980.46 per ounce by 3:25 p.m. EDT, near a one-week high.
“The whole sector is very cheap. Macro concerns have been increasing, but it’s a pretty robust sector in terms of balance sheets, margins, and cash flow,” Gregson, who also manages JPM Asset Management’s Global Mining Fund, told Reuters.