Gold prices rose in European trade on Friday for the second day, while moving in a positive zone and about to mark the third quarterly profit in a row as global easing measures gain momentum, while China buys large amounts of gold.
The gains came ahead of important US personal spending data, the Fed’s favorite inflation gauge, which will provide important clues on the future of US interest rates.
Prices
Gold prices rose 0.2% today to $2331.95 an ounce, with a session-low at $2319.
On Thursday, gold prices rose 1.3%, the first profit in three days away from two-week lows at $2293 an ounce.
Edited 01 Jul 2024, 14:41
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