Spot gold prices rise 0.5%

Gold prices rose today, supported by a weaker dollar, as investors await greater clarity on trade policies between the US and its partners, in addition to the expected monetary policy decision from the US Federal Reserve later this week.

Spot gold rose 0.5% to $3,258.16 per ounce, while US gold futures rose 0.6% to $3,263.00 per ounce.

The US dollar index fell 0.1% against a basket of major currencies, increasing gold’s appeal to holders of other currencies.

Last week, China’s Ministry of Commerce announced that the United States had repeatedly expressed its willingness to negotiate on tariffs, confirming that Beijing welcomes talks.