Gold Gains On Weaker Dollar – 24 July, 2018
After touching a one year high just a few days ago, the dollar index is down 0.2 percent, with expectations of Fridays data on U.S. economic growth reaching above the predicted 4.1 percent. U.S. gold futures for August delivery fell 0.01 percent and 10 cents to $1,225.50 per ounce, and spot gold reached $1,225.70 per ounce, gaining 0.13 percent. Because of a stronger dollar, gold lost 10 percent since April after hitting a high of $1,365.23 per ounce.