Gold futures rose back near recent 2-year highs Wednesday as the dollar softened against European rivals.
The precious metal found buyers even as global stocks continued to fight back from big losses in the aftermath of the UK’s historic Brexit vote.
August gold settles at $1,326.90/oz, up $9, or 0.7%.
In economic news, the Commerce Department released a report this morning showing that personal income rose by slightly less than expected in May.
The report said personal income edged up by 0.2 percent in May after rising by an upwardly revised 0.5 percent in April. Economists had expected income to rise by 0.3 percent.
The material has been provided by InstaForex Company – www.instaforex.com