Gold prices edge higher as US dollar declines

Gold prices edged up on Monday, supported by a declining US dollar and concerns regarding US President Donald Trump’s trade tariff proposals.

As of 12:22 GMT, spot gold rose 0.15 per cent to $3,028.28 per ounce, surpassing its previous close of $3,023.63. Meanwhile, US gold futures advanced 0.42 per cent to $3,061.31 per ounce, up from Tuesday’s closing price of $3,048.4.

Attribution: Amwal Al Ghad & Reuters
Subediting: M. S. Salama