Gold Rises Due To Weaker Dollar, Possible Fed Leadership Change

2025-06-26 07:15:23

(MENAFN- The Peninsula) QNA

Singapore: Gold edged higher on Thursday, lifted by a weaker dollar and growing uncertainty after reports suggested US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell as early as September-October.

Spot gold edged up 0.2% at $ 3339.20 per ounce.

US gold futures rose 0.3% to $ 3353.10.

The dollar opens new tab fell to its lowest level since March 2022, making greenback-priced gold less expensive for overseas buyers.

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