Gold Prices May Struggle to Extend Gains Before G20 Summit

From dailyfx.com

Gold prices are working on a fifth consecutive day of gains against the backdrop of a dovish shift in Fed policy bets that has weighed on both Treasury bond yields and the US Dollar. That has understandably bolstered the appeal of non-interest-bearing and anti-fiat alternatives epitomized by the metal. Meanwhile, crude oil prices are hovering at one-month highs. Recent gains appear to reflect hopes for a hefty dose of incoming monetary stimulus coupled with supply disruption fears linked to swelling tensions between the US and Iran.A relatively quiet offering on the economic calendar at the start of the trading week ... (full story)