The Halt in the Dollar's Rise Pushes Gold Up with 1% Gains So Far

Global gold prices rose by more than 1% on Monday after the sharp declines experienced last week, as the U.S. dollar's rally came to a halt. Market participants are awaiting comments from Federal Reserve officials this week for further clues on the path of U.S. interest rates. The dollar stabilized after its 1.6% rise last week. A weaker dollar makes gold less expensive for buyers holding other currencies

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