Gold edged higher yesterday as a softer tone to the dollar helped to support prices, though continued outflows from bullion-backed funds showed investor sentiment remained weak as other assets like stocks rose.
Spot gold was up 0.1 per cent at $1,161.62 by 1540 GMT, while US gold futures for December delivery were up $1.90 an ounce at $1,161.00.
Demand eases: Gold consumption fell slightly in the third quarter as sliding jewellery demand in China offset strong growth in India, sector data showed yesterday.
Overall demand dropped by 2 per cent in the three months ending September 30 to 929.3 tonnes compared with the third quarter in 2013, the World Gold Council said.
