Follow Al Rai
Gold prices rose on Monday as investors assessed the likelihood of the Federal Reserve (the US central bank) raising interest rates later this year and sought new indicators on the central bank's policy path.
According to Bloomberg economic news agency, gold rose 0.3 percent in spot transactions to reach $175.60 per ounce, while US gold futures for December delivery increased 0.4 percent to reach $196.40.
As for other precious metals, silver rose 0.9 percent in spot transactions to reach $25.54 per ounce, platinum climbed 0.7 percent to reach $942.29, while palladium increased 1.5 percent to reach $1229.13.
Furthermore, the dollar index rose at the start of Asian trading today from levels that were near its lowest in a month, and the dollar was trading at 101.83 points.
Know more about this story?Send us a tip
Ask about this report — answers stay grounded in its text.
