Gold prices rose on Thursday, recovering from the previous session's fall, as the U.S. dollar edged lower against the Japanese yen. The dollar was down 0.1 percent at Thursday. The greenback was, however, supported against major peers after the Federal Reserve kept interest rates steady and gave an upbeat assessment of the world's biggest economy, keeping it on course to increase borrowing costs in September. weaker dollar makes greenback-denominated gold cheaper for holders of other currencies while higher interest rates typically pressure gold by increasing the opportunity cost of holding non-yielding bullion. For Any More Information About Commodity Market Tips Please Visit Our Website : www.dollaradvisory.com and Call : 9111179961Gold prices rose on Thursday, recovering from the previous session's fall, as the U.S. dollar edged lower against the Japanese yen. The dollar was down 0.1 percent at Thursday. The greenback was, however, supported against major peers after the Federal Reserve kept interest rates steady and gave an upbeat assessment of the world's biggest economy, keeping it on course to increase borrowing costs in September. weaker dollar makes greenback-denominated gold cheaper for holders of other currencies while higher interest rates typically pressure gold by increasing the opportunity cost of holding non-yielding bullion. For Any More Information About Commodity Market Tips Please Visit Our Website : www.dollaradvisory.com and Call : 9111179961
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