Gold Holds Steady as Strong Dollar Offsets Rate Hikes
Gold prices remained steady on Monday as pressure from a stronger dollar and high yields was balanced by reduced expectations of a Federal Reserve rate hike.
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Gold held steady on Monday afternoon, as pressure from a stronger dollar and high yields offset waning Federal Reserve rate hike expectations. Spot prices edged 0.1% lower to $4,139.89 per ounce. The metal faces short-term headwinds from currency strength, though long-term projections remain bullish.
