India, July 30 -- Gold prices in the United States moved higher on Thursday after the Federal Reserve kept interest rates unchanged, while a weaker US dollar and renewed geopolitical tensions in the Middle East increased demand for safe-haven assets. Spot gold traded above $4,076 per troy ounce, while US gold futures also gained during the session. Investors are now closely watching upcoming US inflation data for further clues on the Fed's monetary policy path.

Why is Gold Price Rising Today?

According to Reuters, spot gold rose around 0.3% to $4,076.52 per ounce, while US gold futures for August delivery climbed 1% to $4,074.30 per ounce. The gains came after the Federal Reserve maintained its benchmark interest rate at 3.50%-3.75%, wh...