Gold rises to highest in a month ahead of busy week

Gold prices rose to their highest level in around a month in European trade on Monday, as market players looked ahead to a busy week of economic events, including a Federal Reserve policy decision and U.S. second quarter growth data.

Comex gold futures touched its highest since June 26 at $1,257.41 a troy ounce in overnight trade. It was last at $1,253.21 by 2:50AM ET (0650GMT), down $1.60, or about 0.1%.

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