⛏Gold Futures
GOLD
▲ PositiveMonetaryrelevance
Easing US inflation fears reduce Fed hike expectations, supporting gold prices.
Impact on assets 1
Others
Gold prices held above $4,050 on Monday as easing US inflation fears reduced expectations for further Federal Reserve interest rate hikes, though a modest recovery in the US Dollar capped gains. The precious metal struggled to capitalize on a weekly bullish gap opening and remained below the $4,100 mark during the Asian session. The US Dollar staged a modest bounce from its lowest level since June 17, acting as a headwind for gold.
Easing US inflation fears reduce Fed hike expectations, supporting gold prices.