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Gold Rises as Dollar WeakensSingapore, 7 Aug (ONA) — Gold prices edged higher today, helped by a weaker dollar on growing expectations of a Federal Reserve rate cut next month.
Spot gold added 0.1% at $3,372.97 per ounce, and US gold futures gained 0.3% to $3,442.20.
The dollar index hovered near more than one-week low after a surprisingly weak US jobs data.
Elsewhere, spot silver was steady at $37.83 per ounce, platinum gained 0.2% to $1,336.74, and palladium rose 0.7% to $1,139.98. — Ends/AH
