By Zhang Mengying
Investing.com – Gold was up on Monday morning in Asia as the U.S. dollar weakened on growth fears.
were up 0.59% to $1,812.15 by 12:48 PM ET (0448 GMT). The , which normally moves inversely to gold, inched down on Monday morning.
Benchmark fell to their lowest level in a month on Friday, giving non-yielding bullion support.
In the U.S. and elsewhere, signs of economic weakness are becoming more apparent. Soft U.S. data suggested downside risks for this Friday’s June .
Investors now await the minutes from , due on Wednesday, which are almost certain to sound hawkish given the Fed chose to hike rates by a super-sized .
U.S. markets will be closed for Independence Day.
India raised its basic import duty on gold to 12.5% from 7.5% as the world’s second-largest consumer tries to reduce demand and bring down the trade deficit. Top consumer China saw activity bounce back slowly as COVID-19 curbs eased.
In other precious metals, gained 0.62%. fell 0.44% while fell 0.82%.
