Gold price nudges higher but rangebound while dollar holds steady

London (April 4)  Gold was just in positive territory on the morning of Tuesday March 4 in London but was confined to a very narrow range while the dollar drifts sideways.

The spot gold price was recently quoted at $1,258.30/1,258.70 per oz, up $4.05 on the previous close. Trade has ranged from $1,254.55 to $1,260.15 so far. "Gold has been profiting not only from the weak US vehicle sales figures in March, which have weighed on sentiment.