adminounce at US$1 672,60.
The metal is still on track to rise 2,5 percent this week after a soft US jobs report last Friday stoked expectations for new quantitative easing measures.
Ultra-loose US monetary policy was a key driver of record gold prices last year.
However, a rebound in the dollar on Friday took the wind out of the precious metal’s sails.
“There has been a steady trickle of positive new stories that seem to have picked gold’s spirits up a bit and moved it into a higher range, but it is still a relatively muted performance,” Sharps Pixley chief executive Ross Norman said. — Reuters
Online Reporter
- Herald
- July 31, 2026
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Economy: Growth signs visible
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