Gold prices rose near one-month highs on Thursday as a new batch of weak U.S. data boosted expectations of a pause in interest rate hikes this year, although inflation readings released later in the day could adjust those expectations.
Spot gold rose 0.2 percent to $1,945.40 an ounce. U.S. gold futures settled at $1,972.40.
Despite gold's gains this week, it is heading to record a monthly decline of about one percent, as the dollar looks forward to its first monthly rise in three months and US Treasury yields are preparing for their fourth monthly rise after reaching 2007 levels last week.
Source (Al Khaleej Newspaper, Edited)
