💨 Abstract

Gold prices rose on Monday, recovering from six consecutive session losses, due to a pause in the U.S. dollar's rally and anticipation for Fed comments on interest rates. The gains come after last week's largest weekly decline in over three years, as expectations of less aggressive rate cuts by the Fed boosted the dollar. The dollar stabilized below its one-year high, making gold less expensive for buyers holding other currencies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖