Gold rises due to weaker dollar, possible Fed leadership change

Singapore: Goldedged higher on Thursday, lifted by a weaker dollar and growing uncertainty after reports suggested US President Donald Trump was consi...

Singapore: Gold edged higher on Thursday, lifted by a weaker dollar and growing uncertainty after reports suggested US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell as early as September-October. Spot gold edged up 0.2% at $ 3339.20 per ounce. US gold futures rose 0.3% to $ 3353.10. The dollar opens new tab fell to its lowest level since March 2022, making greenback-priced gold less expensive for overseas buyers.