💨 Abstract

Gold prices hovered near record highs on Monday, boosted by a weaker US dollar and mounting trade tensions. Attention has shifted to a key US inflation report due this week, which could influence the Federal Reserve's interest rate trajectory. Gold could potentially reach new highs if the Fed maintains low rates due to inflationary pressures. However, if rates rise, the appeal of gold as a non-yielding asset could diminish.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖