Bengaluru — Gold prices rose to a one-week high on Thursday, extending gains from the previous session after US Federal Reserve chair Jerome Powell’s dovish remarks bolstered the expectation of an interest rate cut in July.

Spot gold rose 0.1% to $1,419.64/oz at 11.48am GMT, after earlier hitting its highest since July 3 at $1,426. The metal gained 1.5% in the previous session.

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