💨 Abstract

Gold prices declined on Monday due to a strengthening US dollar and lackluster investor confidence in China's economic stimulus measures. The US dollar reached a two-month high, making gold more expensive for holders of other currencies. Gold's record price rally has dampened demand in China. Analysts suggest there are more factors supporting higher gold prices than those weighing against it.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖