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Precious metals: gold on track to make a monthly gain

31/07/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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As major central banks adopt a more cautious attitude about continuing their year-long global monetary tightening cycle, gold is moving towards its best month in when years on Monday.

The dollar strengthened 0.1%, while spot gold was down 0.2% at $1,955.20 per ounce at 09:40 GMT. U.S. gold futures slipped 0.3% to $1,955.30. Gold is expected to gain around 1.9% this month

.

In addition, other precious metals seemed poised for monthly increases. Silver led at 6.8%, but down 0.2% on the day at $24.29 per ounce. Platinum fell 0.5% to $930.40 and palladium fell 0.5%

to $1,239.90.
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