💨 Abstract

Gold prices rebounded on Monday after six consecutive losses, driven by a pause in the dollar's rally. Investors are awaiting comments from the Federal Reserve for clarity on interest rates. Gold prices dropped last week, due to expectations of less aggressive interest rate cuts by the Fed, which boosted the dollar. However, the dollar has since flattened below its one-year high. A softer dollar makes gold less expensive for buyers holding other currencies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖