Despite a slight increase today, gold prices remain on course for their worst month in more than 17 years as rising energy costs reduce the likelihood of a US interest rate cut this year.
According to Bloomberg, shortly before 04:50 GMT, spot gold was up 1.16 percent at $4,563.30 per ounce (28.35g).
Still, for this month, the bullion has fallen more than 13 percent, putting it on track for its steepest decline since October 2008.
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