Gold Prices Rise for 4th Day on Declining Dollar

Gold prices rose for a fourth day on Tuesday as the dollar eased on signs of slower economic activity in the United States that dented expectations of an aggressive string of interest rate hikes by the US Federal Reserve.

    Spot gold gained 0.4% at $1,234 per ounce. On Monday, it touched its highest since May 4 at $1,237.26. US gold futures were up 0.4% at $1,233.90 an ounce. Among other precious metals, silver rose 0.7% at $16.71 an ounce.