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Gold News Gold prices moved higher on Monday, as a weaker dollar and worries about the economic outlook boosted the precious metal. Spot gold was up 0.9 percent at $1,867.27 per ounce. U.S. gold futures rose 1.1 percent to $1,873.90. The dollar index fell 0.3 percent against a basket of currencies, making gold less expensive for holders of other currencies. Gold Articles The Benefits of Owning Gold Gold has been used as a form of currency for centuries and continues to be a popular investment today. Despite its intrinsic value, gold also offers several other benefits that make it a desirable asset. Gold is a hedge against inflation, has a long-term store of value, and its price is not affected by the fluctuations of the stock market. How to Start Investing in Gold Investing in gold can be a great way to diversify your portfolio and protect your wealth. Gold is a valuable asset that holds its value over time and can be used as a hedge against inflation. There are several ways to invest in gold, including buying physical gold, gold futures, gold ETFs, and gold mining stocks. Each method has its own risks
Gold prices fall 5% from July 17 peak of $2,483 to $2,364. US Q2 GDP beats expectations, strengthening the US Dollar and impacting gold. Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a two-week low on Thursday after the US Bureau of Economic Analysis reported
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Spot gold gained 0.3% to $2,372.25 per ounce, but was 1% lower so far this week Gold prices regained some ground on Friday after dropping sharply in the previous session, ahead of a key U.S. inflation figure that could offer more hints on when interest rate cuts will start. Spot gold gained 0.3% to $2,372.25
Spot gold dropped 1% to $2,372.74 per ounce and U.S. gold futures declined 2.1% to $2,366.00 Gold prices dropped 1% on Thursday as investors booked profits ahead of U.S. economic data that could offer more cues on when the Federal Reserve will cut interest rates this year and by how much. Spot gold dropped 1%