India, July 21 -- Gold prices rallied on Monday as the uncertainty surrounding trade deals is still looming, with an August 1st deadline just around the corner, and a subdued US dollar value due to last week's positive economic data. The precious metal had fallen back last week on temporary US dollar strength.
Front Month Comex Gold for July delivery rose by $48.90 (or 1.46%) to $3,401.90 per troy ounce today.
Front Month Comex Silver for July delivery, gained by 87.80 (or 2.30%) to $39.101 per troy ounce today.
While investors are eager to see an interest rate cut, the Federal Reserve is not keen on a downward revision anytime soon, as last week's jobs and retail sales data has shown a resilient economy despite the tariff war going on s...