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Business / World Business

Gold rises due to weaker dollar, possible Fed leadership change

Published: 26 Jun 2025 - 10:51 pm | Last Updated: 26 Jun 2025 - 10:58 pm
File photo

File photo

QNA

Singapore: Gold edged higher on Thursday, lifted by a weaker dollar and growing uncertainty after reports suggested US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell as early as September-October.

Spot gold edged up 0.2% at $ 3339.20 per ounce.

US gold futures rose 0.3% to $ 3353.10.

The dollar opens new tab fell to its lowest level since March 2022, making greenback-priced gold less expensive for overseas buyers.