Gold extended its upward movement for a third consecutive session on Tuesday, building on last week’s sharp rebound. The spot price increased by 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5 and surpassing the seven-week peak hit last week. Meanwhile, U.S. gold futures rose 1.7% to $4,492.60. The gains followed positive momentum on Friday and Monday, as global bullion markets reacted to U.S. economic indicators and interest rate expectations.
