Gold Prices Broadly Higher as U.S. Dollar Slumps

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Investing.com – Gold prices were higher on Monday as the greenback slumped amid trade war tensions and investors waited for the Federal Reserve’s interest rate decision this week.

Comex gold futures for December delivery increased 0.36% to $1,205.60 a troy ounce as of 9:29 AM ET (13:29 GMT).

The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year. The market has already priced in a 100% chance of a 25-basis-point increase.

Read more at : https://www.investing.com/news/commodities-news/gold-prices-broadly-higher-as-us-dollar-slumps-1621241

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