Gold prices rose on Tuesday, July 16 / July as comments by US Federal Reserve Chairman Jerome Powell reinforced the justification for cutting interest rates in September. While investors await more US economic data for other indicators on monetary policy.
Spot gold rose 0.2 percent to $2,425.69 an ounce. On Monday, prices reached their highest level since May 20, when the metal climbed to a record high of $2,449.89. U.S. gold futures rose 0.1 percent to $2,431.80.
Source (CNBC Arabia Website, Edited)
