World gold prices continued to inch up slightly with gold increasing by 8.6 USD to 2,024 USD/ounce.
Gold hit its highest level in more than a week on Tuesday as the dollar weakened, while the market awaited the minutes of the US Federal Reserve's (Fed) latest monetary policy meeting to continue its search. Look for signals about interest rate cuts.
The US Dollar Index decreased by 0.2%, making gold priced in greenbacks cheaper for buyers, thereby forming a new upward momentum for the precious metal at the present time.
Gold hit its highest level in more than a week on Tuesday as the dollar weakened, while the market awaited the minutes of the US Federal Reserve's (Fed) latest monetary policy meeting to continue its search. Look for signals about interest rate cuts.
The US Dollar Index decreased by 0.2%, making gold priced in greenbacks cheaper for buyers, thereby forming a new upward momentum for the precious metal at the present time.
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