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Gold prices moved slightly higher on Thursday after hitting a high of one week in the previous trading session, as the dollar fell and markets watched the Federal Reserve report. for June to guide monetary policy. At 7:15 pm GMT, spot gold was set at $ 1254.85 an ounce. The precious metal reached $ 1261.10 the previous week and has earned more than $ 20 since its low of $ 1237.32 on Tuesday, the lowest since December 12.
Gold futures in August rose 0.2
The dollar index, which tracks the performance of the greenback versus a basket of six currencies, fell from 0.4 percent to 94.325. The index fell to its lowest level more than a week earlier in the session.
The minutes of the Federal Reserve meeting are expected to be released at 18:00 GMT. At the meeting, the central bank was expecting two more interest rate increases in 2018 out of a total of four increases.
Investors also look at data on non-farm US jobs scheduled for Friday.
The bank is expected to continue to gradually raise interest rates in a strong economy to balance its employment and inflation objectives.
Gold is very sensitive to interest rate increases as it increases the opportunity cost of unsustainable gold.
] And by the proportion For other precious metals, silver has stabilized at nearly $ 16.05 an ounce during spot transactions.
Palladium rose 0.3% to $ 948.70 an ounce while platinum was trading 0.2% to $ 841.80 an ounce.
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