Gold (XAU/USD) rallies sharply on Monday, gaining 0.80% as investors seem confident that the Federal Reserve (Fed) will slash rates at the December meeting as US economic data continues to flow. At the time of writing, XAU/USD trades near $4,100 after hitting a daily low of $4,040. The non-yielding metal resumed its advance, yet it remains confined to the $4,040-$4,100 range for the fourth consecutive trading day. Dovish comments by Federal Reserve officials increased the likelihood of a 25-basis-point (bps) rate cut at the December meeting. Fed Governor Christopher Waller supports a December cut, echoing last ... (full story)