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Gold is consolidating above $1800

Adel 6 July, 2021 3:07 pm Commodities, Market Update

Gold prices rose 1% on Tuesday after it crossed the $1,800 barrier, supported once again by a weak dollar, as investors’ eyes turned to the minutes of the Federal Reserve’s June meeting to elicit more indications about the monetary policy decision.

Spot gold rose 0.8 percent to $1,805.51 an ounce by 0905 GMT, after touching its highest level since June 17 at $1,808.91.

US gold futures jumped 1.2 percent to $ 1805.20.

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