India, Aug. 26 -- After ending the previous session roughly flat, the price of gold showed a modest move to the upside during trading on Tuesday.
Gold for August delivery rose $14.80 or 0.4 percent to $3,388.60 an ounce after edging down $0.60 or less than a tenth of a percent to $3,373.80 an ounce during Monday's session.
The increase by the price of gold came amid a modest pullback by the value of the U.S. dollar, with the U.S. dollar index slipping by 0.2 percent after yesterday's 0.7 percent advance.
Gold also benefitted from is appeal as a safe haven amid concerns about the Federal Reserve's independence after President Donald Trump said he is removing Fed Governor Lisa Cook from her position.
In a letter to Cook posted on Truth So...