Gold Eases but Lingers Near One-Month High

Gold prices eased on Monday but hovered near a more than one-month high scaled in the previous session, after softer US data boosted prospects of an interest rate cut by the Federal Reserve in September.Spot gold was down 0.2% at $2,386.58 per ounce, after rising to its highest level since May 22 on Friday. US gold futures eased 0.2% to $2,393.80.Spot silver fell 0.2% to $31.15, platinum edged 0.3% lower to $1,024.00 and palladium slipped 0.8% to $1,017.78.Source: Qatar News Agency