Gold prices rise on weaker dollar amid hopes of US interest rate cut


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Yemen News Agency SABA
Gold prices rise on weaker dollar amid hopes of US interest rate cut
[07/ August/2025]
Singapore – Saba: Gold prices rose slightly on Thursday, driven by a weaker dollar amid growing expectations of a US interest rate cut next month, while traders awaited US President Donald Trump's nominations for the Federal Reserve's Board of Governors.

Spot gold rose 0.1 percent to $3,372.97 per ounce, while US gold futures rose 0.3 percent to $3,442.20 per ounce.