Gold prices up to their highest levels in a week

Gold prices rose today, Thursday, to their highest levels in a week as weak US economic data increases, which increases the possibility of the Federal Reserve cutting interest rates this year.

By 03:29 GMT, the spot price of gold rose 0.3% to $2,333.62 per ounce, after recording earlier in the session its highest levels since June 12.

There was no change in US gold futures contracts, which recorded $2,347.30, according to Reuters.