Gold Rises As Oil Advances, Dollar Retreats

Precious-Gold traded higher on Tuesday, buoyed by the rebound in oil prices and retreat in the U.S. dollar. The yellow metal hit a low of $1092.12 an ounce, while it currently trading at $1090.90, after opening at $1083.68. Gold prices found some relief after it tumbled nearly 7 percent in July amid expectations of seeing an interest rate cut by the Fed in September.

from Energy and Metal Commentaries http://ift.tt/1gGFQIp