-
Gold rises for a second day, yet cautious buyers face global rate expectations limiting further gains
Gold rose for a second day after dipping to about $4,420 and then reaching around $4,550 in early European trading on Monday. The US Dollar Index eased from a monthly high, which supported gold, but expectations of higher global interest rates may limit further gains. Energy price rises linked to conflict have raised inflation concerns. Reports included the US considering a ground invasion of Iran, while Yemen’s Houthis carried out missile and drone attacks on Israel within less than 24 hours and warned of more attacks. The conflict has increased concerns about trade disruption through the Bab el-Mandeb Strait, ... (full story)