Gold Gains as the Dollar Weakens
Gold prices edged up slightly at the start of Asian market trading, supported by a weaker dollar and declining expectations of a US interest rate hike in September. The spot price of gold rose by 0.3% to $4,388.62 per ounce, while December U.S. futures contracts increased by 0.2% to $4,444.30. A 0.1% decline in the US dollar index made gold priced in dollars less expensive for buyers using other currencies. Additionally, other precious metals saw notable gains, with silver prices rising by 0.8% to $65.19, platinum up by 0.4% to $1,755.40, and palladium increasing by 1.2% to $1,329.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)