Gold prices rise as investors await US economic data

Gold prices rose today, Tuesday, as the dollar continues to decline, while investors await US economic data this week that may clarify the US Federal Reserve’s timetable for reducing interest rates.

Gold rose in instant transactions by 0.2%, recording $2,401.22 per ounce by 02:04 GMT. US gold futures rose 0.4% to $2,403.60, according to Reuters.

Traders are awaiting the second quarter GDP report on Thursday and the June personal consumption expenditures data on Friday.

As for other precious metals, silver fell 0.2% to $29.14 per ounce, platinum recorded $951.13 per ounce, and palladium increased 0.1% to $908.43 per ounce.