| Gold rose 1 percent to above $1,100 an ounce on Monday, its biggest increase in more than seven weeks, as the U.S. dollar turned lower and comments from Federal Reserve officials raised uncertainty about a September rate hike.
Atlanta Federal Reserve President Dennis Lockhart said a Fed decision to raise interest rates should come soon, but his prepared speech did not repeat recent comments in which he said he was ready to vote for a rate hike next month. Gold prices have fallen in the second half of this year on the prospect of rising rates, which would lift the opportunity cost of holding bullion while boosting the dollar...............................................Full Article: Source
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