Gold rises modestly ahead of US tariff decision

Gold prices increased slightly on Wednesday as investors turned their attention to the US fiscal situation and ongoing uncertainty leading up to the July 9 deadline for the implementation of US tariffs.

Spot gold rose 0.08 per cent to $3,341.70 per ounce by 12:08 GMT, up from $3,338.96 in the previous session. US gold futures gained 0.07 per cent to $3,352.12 per ounce, after settling at $3,349.8 on Tuesday.

Attribution: Amwal Al Ghad English, Reuters
Subediting: M. S. Salama