💨 Abstract

Gold prices rose on Monday, driven by China's weekend stimulus announcement and anticipation of U.S. Federal Reserve rate cuts. Spot gold edged up 0.2% to $2,660.64 per ounce. Investors are waiting for more concrete measures from China and comments from Fed officials this week for further cues. The potential commitment to fiscal stimulus from China suggests a healthier economy, which bodes well for gold demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖