Gold inched up on Tuesday, crawling back towards an 11-month high hit in the previous session, supported by a slightly weaker dollar and investor hopes for further central bank action to battle the grim outlook for global economic growth.
Spot gold marked an 11-month peak of $1,791.20 on Monday as an unexpected expansion in US factory activity and more clarity on Spain's bailout plan sent some relief through the market, knocking the dollar index from a three-week high. Gold barely moved, with cash prices trading at $1,777.75 an ounce by 0629 GMT, up 0.2 percent from the previous close. US gold edged down 0.2 percent to $1,780.30.
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