GOLD

Gold:-

Gold futures rose for the eighth session in ten to the highest since June 29, as the dollar index fell to the lowest since June 24, 2016, amid a lack of data from the US, the world's largest economy. Gold's gains come on the back of dollar's weakness, following a spate of disappointing US data that cut the chances of a Federal Reserve rate hike later this year. US inflation is still below the Fed's 2% target, while political concerns mount over President Donald Trump as investigations deepen regarding Russian intervention in the last presidential elections, souring risk appetite in the markets. All this is weighing on the greenback and pushing investors towards safe havens such as gold, after Trump said yesterday his administration will follow what comes next regarding the Paris agreement. Trump added that Comey's testimony ahead of the Senate Intelligence Committee was filled with lies before moving on to the healthcare issue, saying the country doesn't have other choices and asserting the need to repeal and replace Obamacare noting the program could be repealed for now and replaced later.