Gold prices rise on Fed rate-cut hopes, geopolitical risks

Gold prices rise on Fed rate-cut hopes, geopolitical risks

Gold prices firmed on Monday amid expectations of a U.S. rate cut in September and rising geopolitical tensions in the Middle East, while focus shifted to the Federal Reserve’s policy meeting due later this week. FUNDAMENTALS * Spot gold was up 0.5% at $2,397.65 per ounce, as of 0025 GMT. U.S. gold futures climbed 0.7% … Read more