Due to the rate hike in July, gold prices are rising in the US.

Following Thursday’s mixed US jobs report, gold increased for a third straight session, while the dollar fell on speculation that the Federal Reserve wouldn’t raise interest rates at its upcoming policy meeting.

Spot gold increased by 0.8% to $1,977.96 per ounce, while US gold futures in New York increased by 0.7% to $1,996.40 per ounce.

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