Gold nudged higher on Monday, supported by a softer dollar as traders grew more confident the US Federal Reserve will deliver an interest-rate cut at its policy meeting this week. Spot gold was up 0.3% at $4,212.70 per ounce, as of 0319 GMT. “Core PCE data came and went without incident, which leaves the Fed on track to cut rates this week, with this expectation of looser monetary conditions driving gold to the upside,” KCM Trade Chief Market Analyst Tim Waterer said. “The anticipated rate cut this week is keeping the dollar in check while simultaneously giving the gold price some room to move northwards,” he added. ... (full story)