Gold prices rose on Monday, as expectations that the Federal Reserve (the US central bank) will begin lowering interest rates later in the year increased the attractiveness of the precious metal.
Gold rose in spot transactions 0.3 percent to $2,309.24 per ounce by 0427 GMT. US gold futures gained 0.5 percent to $2,318.80 an ounce.
In terms of other precious metals, silver rose in spot transactions by 1.3 percent to $26.89 per ounce. Platinum lost about 0.7 percent to $948.97, and palladium rose 0.1 percent to $946.58.
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