Gold Rises for Third Consecutive Session, Supported by a Weaker Dollar

Gold rose for the third consecutive session today, supported by a weaker dollar and lower Treasury yields, as traders’ bets on a US interest rate cut in September increased.

Spot gold rose 0.4% to $3,368.99 per ounce, while US gold futures for December delivery rose 0.3% to $3,417.80.

As for other precious metals, spot silver rose 0.2% to $38.56 per ounce, platinum fell 0.1% to $1,338.33, and palladium rose 1.3% to $1,136.70.