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Gold holds steady as markets await cues on Fed policy path
Gold prices held steady on Monday, as the market's focus shifted to upcoming U.S. PCE data for cues on the Federal Reserve's policy path, while a stronger dollar capped gains. Spot gold inched up 0.1% at $3,373.49 per ounce, as of 1151 a.m. ET (15:51 GMT), after hitting its highest level since August 11 on Friday. U.S. gold futures for December delivery was flat at $3,418.60. The dollar gained 0.4% against rival fiat currencies, making bullion priced in the currency more expensive for foreign buyers. "The market is absorbing Powell's comments from Friday... as we await fresh inputs that might give a better ... (full story)
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