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Gold rises on weaker dollar; investors await US jobs data
Business World Philippines
|July 02, 2025
GOLD edged higher on Monday, supported by a weaker US dollar, while investors hunkered down for US economic data due later this week for signals on the Federal Reserve's policy path.
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Spot gold rose 0.6% to $3,293.55 per ounce as of 2 p.m. EDT (1800 GMT) after reaching its lowest point since May 29 earlier in the session. The yellow metal was up for the second straight quarter, rising 5.5%.
US gold futures settled 0.6% higher at $3,307.70.
“A weaker dollar today is providing a bit of support. But we're still within the well-defined range that has dominated since the middle of May,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.
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