Gold Prices Rise on Powell’s Comments
Gold rose on Thursday in Asia after the U.S. Central bank demonstrated that it’s getting ready to cut loan fees regardless of a solid U.S. employments report discharged a week ago.
Gold prospects for August conveyance, exchanged on the Comex division of the New York Mercantile Exchange, were up 1% to $1,426.05 by 11:57 PM ET (03:57 GMT).