Gold rises to settlement with the Fed's decision

Mubasher: Gold prices rose for a second straight session on Monday, waiting for the Fed 's decision and the evolution of the trade.

Investors follow the Fed meeting this week in the face of signs of monetary easing from the world's largest economy.

The US central bank is expected to lower its interest rates by 0.25%, in a range of 2 to 2.25%, with a limited chance of reducing them by 0.5%.

For its part, US President Donald Trump said he did not expect the Fed to do much to stimulate the economy.

At the same time, attention is turning to Shanghai, where trade negotiations between the United States and China resume during the first trade negotiations that took place after the trade truce.

At settlement, gold futures for December delivery rose 0.1% to $ 1433.30 an ounce.

Gold futures for August delivery rose 0.1% to $ 1,420.40 an ounce.

At 17:45 GMT, the spot gold metal delivery price increased 0.2% to $ 1,421.24 per ounce.

Over the same period, the leading dollar index, which tracks the performance of the US dollar against the six major currencies, increased 0.07% to 98.080.