Gold prices fell on Friday, but as investors closely monitor developments in the Middle East, gold is heading for its first monthly rise in five months. Analysts at Sucden Financial said: "Precious metal prices rebounded as a weaker GDP report led to a decline in the US dollar, but this trend is not entirely convincing given that US Treasury yields have not shown a significant drop." Meanwhile, the Federal Reserve kept rates unchanged at its July meeting, and Chairman Waller offered almost no c

Gold prices fell on Friday, but as investors closely monitor developments in the Middle East, gold is heading for its first monthly rise in five months. Analysts at Sucden Financial said: "Precious metal prices rebounded as a weaker GDP report led to a decline in the US dollar, but this trend is not entirely convincing given that US Treasury yields have not shown a significant drop." Meanwhile, the Federal Reserve kept rates unchanged at its July meeting, and Chairman Waller offered almost no c

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Gold prices fell on Friday, but as investors closely monitor developments in the Middle East, gold is set for its first monthly increase in five months. A Sukoon Financial analyst stated: “After weak GDP data, the U.S. dollar weakened and precious metal prices rebounded, but considering the lack of a significant decline in U.S. Treasury yields, this movement is not entirely convincing.” Meanwhile, the Federal Reserve kept interest rates unchanged at the July meeting, and Chair Walsh offered little clear guidance on the central bank’s next policy move.

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