Gold hits highest in nearly 7 weeks on struggling dollar

July 31, 2017

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Gold prices hit their highest in almost seven weeks on Monday, boosted by a struggling dollar and US economic data that has cast doubt on whether the Federal Reserve will raise rates again this year. Spot gold was down 0.1% at $1 266.99 an ounce at 0846 GMT from an earlier $1 270.98, its highest since June 14. It is on course for a two% rise this month. US gold futures fell 0.2% to $1 265.90 an ounce.

Category: General