Gold Edges Up on Fed Rate-Cut Hopes, Geopolitical Risks

GOLD - LONDON. Gold prices edged up on Monday on heightened geopolitical tensions in the Middle East and expectations of a U.S. rate cut in September, with the focus on this week's Federal Reserve policy meeting.

Spot gold rose 0.3% to $2,393.48 per ounce by 1005 GMT, matching its 21-day moving average.