Gold rises for the second session in a row

Gold futures prices ended Monday’s trading with a noticeable rise for the second session in a row after Friday’s rise at the end of last week’s trading, amid continued optimism about a US interest rate cut next week.

The resumption of central banks’ purchases of the yellow metal also helped push prices higher.

Gold also benefited from the decline in the dollar in general and geopolitical tensions in the world.

The dollar index fell to 105.80 points in morning trading before recovering part of its losses to record 106.05 points.

Gold rose by $26.30, or about 1%, to $2664.90 per ounce for delivery this month.