Gold edges up over geopolitical worries

CHICAGO, Dec. 6 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange edged up on Wednesday from four-month low amid geopolitical concerns over the Middle East.

The most active gold contract for February delivery rose 1.20 dollars, or 0.09 percent, to close at 1,266.10 dollars per ounce.

U.S. President Donald Trump on Wednesday announced his decision to officially recognize Jerusalem as Israel's capital in defiance of strong opposition from the Muslim world. Many analysts believe this controversial move is set to backfire, inflaming tensions in the Middle East.

The geopolitical concerns led to safe haven sentiments and pushed up gold futures, which had suffered a sharp plunge during the precious session.

However, expectations that the U.S. Federal Reserve will raise key interest rate this month continued to support the U.S. dollar index, thus curbed the rise of gold.

The index, a gauge of the U.S. dollar against a basket of other major currencies, rose 0.30 percent to 93.60 as of 1819 GMT.

As for other precious metals, silver for March delivery fell 11.3 cents, or 0.09 percent, to close at 15.955 dollars per ounce. Platinum for January went down 14.70 dollars, or 1.60 percent, to settle at 902.80 dollars per ounce. Enditem