Commodities
Gold Prices Soar as Dollar Weakens Amid Fed Rate Hopes
Gold prices rose by nearly 1% on Monday, reaching $4,104 an ounce as the US dollar weakened and Treasury yields declined.
The increase in gold prices was accompanied by a rise in silver, which gained over 1.5% to $59.845 per ounce.
The softer US dollar and lower Treasury yields made non-yielding assets like gold more attractive to international investors seeking stability.
Investors are now focused on the upcoming US Federal Reserve policy meeting for insights into future interest rate trends.