Gold prices Rise, Supported By Negative Data On US Economy

Dubai – (Massader News )

Gold prices rose on Tuesday, with precious metal futures up 0.5% to $ 1279.4 an ounce, the highest level since June 8, as a result of negative data on the US economy.

Traders attributed the rise in gold prices due to the decline in industrial activity in the United States last month and the decline in US consumer spending during the same period.

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