India, Aug. 5 -- Gold prices edged higher on Tuesday, with increasing Fed rate cut expectations fortified by soon-to-be announced Federal Reserve appointments as well as the ongoing US tariff war with some of its major trading partners.
Front Month Comex Gold for August delivery rose by $7.50 (or 0.22%) to $3,381.90 per troy ounce today.
Front Month Comex Silver for August delivery jumped by 49.50 cents (or 1.33%) to $37.687 per troy ounce today.
Data released by the Commerce Department today revealed that the US trade deficit narrowed to $60.2 billion in June 2025, the lowest since September 2023, compared to a revised $71.7 billion gap in May and forecasts of a $61.6 billion shortfall.
Imports declined 3.7% to $337.5 billion.
The ISM...