Gold prices on Monday rallied past the previous record high of $3,674, hitting $3,682 and poised to challenge the $3,700 level in the near term. Traders are setting up for the Federal Open Market Committee's (FOMC)monetary policy meeting on September 16-17. Expectations for a rate cut are high, therefore, US Treasury yields tumbled on Monday. At the time of writing, XAU/USD trades at $3,681, up by over 1%. It's Federal Reserve (Fed) week once again, and Gold prices are reflecting a resumption of the Fed’s easing cycle amid a scenario of mixed data. Inflation remains high, but the revision of payrolls last Tuesday, ... (full story)