Gold rises on weaker U.S. dollar

Chicago [US] July 19: Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar weakened.
The most active gold contract for August delivery rose 6.6 U.S. dollars, or 0.39 percent, to close at 1,710.2 dollars per ounce.
Gold found additional support as the National Association of Home Builders reported on Monday that its monthly confidence index plunged 12 points to 55 in July. The decline was much larger than expected.
The Federal Reserve will convene its monetary policy meeting on July 26-27.
Silver for September delivery rose 24.6 cents, or 1.32 percent, to close at 18.84 dollars per ounce. Platinum for October delivery rose 25.1 dollars, or 3.02 percent, to close at 856 dollars per ounce.
Source: Xinhua