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PRECIOUS-Gold hovers near 2-week high on softer dollar, Fed minutes awaited


By Reuters Staff
3 Min Read
July 6 (Reuters) - Gold prices were hovering close to a two-week high on Tuesday, helped by a subdued dollar, while investors awaited minutes from the U.S. Federal Reserve’s June policy meeting for more clarity on monetary policy going forward.
FUNDAMENTALS
Spot gold was steady at $1,792.34 per ounce by 0055 GMT, after hitting its highest since June 18 at $1,794.86 on Friday.
Most U.S. markets were closed on Monday for the Independence Day holiday.
U.S. gold futures rose 0.5% to $1,792.
The dollar was little changed at 92.235 after dropping from a three-month high at the end of last week, hurt by the weaker details of the U.S. payrolls report. ....

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Gold hovers near 2-week high on softer dollar, Fed minutes awaited


Article content
A weaker greenback makes gold less expensive for holders of other currencies.
Focus this week is on minutes from the Fed’s latest meeting – due on Wednesday- after a hawkish tilt from the U.S. central bank surprised markets last month.
Japan’s household spending rose at a double-digit rate in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of COVID-19 infections weighed on consumer confidence.
Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions brought life back to the bloc’s dominant service industry, a survey showed. ....

Brijesh Patel , Subhranshu Sahu , Postal Savings Bank , Industrial Orders , Sentiment July , Svcs Final , ப்ரிஜேஷ் படேல் , போஸ்டல் சேமிப்பு வங்கி , தொழில்துறை ஆர்டர்ஸ் , ஸ்வ்க்ச் இறுதி ,