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Gold Edges Up In Asian Trading

3/19/2012 2:14 AM ET

The price of gold edged up in Asian trading Monday amid a steady U.S. dollar.

Gold for April delivery, the most actively traded contract, edged up $6.70 to $1,662.50 an ounce. Last week, gold shed over 3 percent to dip near a 2-month low after the Federal Reserve commented that inflation would remain subdued.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,293.27 tons.

by RTT Staff Writer

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