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Gold Edges Higher After Falling over 1%


Gold prices firmed on Tuesday as the dollar remained soft, with investors awaiting Federal Reserve Chair Jerome Powell’s testimony and June inflation data to assess the next policy move by the US central bank.

Spot gold rose 0.4% at $2,368.06 per ounce after falling over 1% on Monday. US gold futures firmed 0.5% to $2,373.90.

Spot silver rose 0.7% to $31.00 per ounce, platinum edged 1.4% higher to $1,010.70 and palladium gained 0.9% to $1,017.94.

Source: Qatar News Agency