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Reuters reported that although gold prices stayed below $1,620 on hesitance regarding the upcoming Federal Open Market Committee and European Central Bank meetings, the metal rose for the second month in a row.
Reuters reported that although gold prices stayed below $1,620 on hesitance regarding the upcoming Federal Open Market Committee and European Central Bank meetings, the metal rose for the second month in a row.
As quoted in the market news:
Spot gold was down 0.4 percent at $1,613.30 an ounce by 3:11 p.m. EDT (1911 GMT). It notched a monthly gain of around 1 percent in July.
U.S. gold futures for December delivery settled down $9.40 at $1,614.60, with trading volume about 25 percent below its 30-day average, preliminary Reuters data showed.
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