Gold Gains Due to weakening of the dollar, however Detained By US Interest Rate Prospects

Gold crawled higher on Tuesday as a weaker US dollar, but expectations for the Federal Reserve that appears to be taking steps to Raise interest rates this month has been limiting gains in the precious metals.

Spot gold prices rose about 0.6% in the range of $ 1,140.00 / onz at 9:36 pm, after not much movement on the session Monday. Gold prices end in August with a rise of about 3.5% due to fears of slowing Chinese economy has fueled demand for safe-haven assets which proved that the precious metal has reached the peak level of the past seven weeks.

Fed vice chairman Stanley Fischer last week maybe not rule out a rate hike in September despite the global financial markets are currently volatile terrific in recent weeks.