Gold prices settled on Monday, after falling 1 percent in the previous session, as inflation data in the United States indicated that the Federal Reserve is likely to cut interest rates less than expected this month.
Spot gold settled at $2,502.89 an ounce after hitting a session low of $2,494.15 on Friday. However, gold posted monthly gains in August. U.S. gold futures rose 0.3 percent to $2,535.
Source (Al-Arabiya.net Website, Edited)
