Gold Rises for Second Consecutive Month

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.

Click here to read the full Reuters report.