💨 Abstract

Gold prices remained stable on Monday as investors considered China's stimulus announcement and awaited U.S. Federal Reserve comments for rate cut indications. Spot gold was little changed at $2,657.93 an ounce. The potential Chinese stimulus suggests improved economy and gold demand, but requires more specific measures. Investors are also watching for Fed officials' comments this week and U.S. retail sales data.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖