Spot gold was up 0.4% at $1,778.69 per ounce, as of 0044 GMT, its highest since July 5. The dollar fell 0.2% to a near one-month low against its rivals, making greenback-denominated gold less expensive for other currency holders. Data showed U.S. manufacturing activity slowed less than expected in July, with the Institute for Supply Management’s index of national factory activity dipping to 52.8 last month, its lowest reading since June 2020. China’s U.N. Ambassador Zhang Jun said a visit by US House of Representatives Speaker Nancy Pelosi to Taiwan would undermine the Sino-U.S relationship. Pelosi was set to visit Taiwan on Tuesday, three sources said. . . .
Read more at www.cnbc.com