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Gold holds near two-month peak as weaker dollar lifts prices; US data in focus
The yellow metal has continued to build on last week’s rally, helped by declining Treasury yields and a weaker dollar. The move followed the Federal Reserve’s recent policy decision, which included an interest rate cut and an announcement that it will begin purchasing short-term U.S. Treasuries starting in December at a pace of $40 billion per month. These bond-buying plans signal a more accommodative monetary stance, particularly as the additional liquidity injections are expected to further ease financial conditions. Such an environment typically favors gold, which tends to perform well when interest rates are ... (full story)