Gold near highs at US$1,907.54

Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures, while investors awaited key U.S. data that will provide a clearer picture on the global economy's recovery path, Reuters reports.

Spot gold was steady at US$1,907.54 per ounce by 0048 GMT. Last week, gold prices hit their highest since January 8 at US$1,912.50. U.S. gold futures edged 0.3 percent higher, at US$1,910.60 per ounce.