Gold Futures Edge Higher On Monday - Commodity Market Tips

Gold futures edged higher on Monday as investors noted the weaker dollar as central bank chiefs in Wyoming dodged policy discussions and the impact of Hurricane Harvey on the US growth outlook was under review. In the week ahead, Friday’s US jobs report for August is in focus to gauge how it will impact on the path of Fed policy. Traders will also be closely watching a revised reading of US second quarter growth.

Gold futures for December delivery gained 0.14 percent, to settle at $1,299.66 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.2 percent at $1,293.62 an ounce.

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