Gold rises on weaker dollar, trade concerns

Gold prices rose on Thursday due to a weaker dollar, with investors closely monitoring US President Donald Trump’s trade tariff proposals and an important inflation report for potential signals on future monetary policy.

Spot gold prices increased at 8:51 AM GMT by 0.49 per cent to $2,773.26 per ounce, compared to the previous closing price of $2,759.81.

Meanwhile, US gold futures also rose 0.55 per cent to $2,808.76, compared to Wednesday’s closing of $2,793.5.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama

 

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