Gold (XAU/USD) trades choppy during Monday’s session as market participants now expect the Federal Reserve (Fed) will keep rates unchanged at the December meeting, while they also wait for the release of the first tranche of US economic data this week. At the time of writing, XAU/USD trades at $4,080, virtually unchanged. The Greenback’s recovery is sponsored by Federal Reserve officials striking hawkish comments. Hence, money markets had priced in a less than 50% chance of a 25-basis-point (bps) rate reduction at the December meeting. Consequently, the US Dollar Index (DXY), which tracks the buck’s value against a ... (full story)