Gold traded lower on Monday as a firmer U.S. dollar and reduced odds of an early Federal Reserve rate cut pressured the metal. Weakening expectations for imminent Fed easing supported the dollar and weighed on bullion, suggesting near-term downside for gold-sensitive positions.
Gold traded lower on Monday as a firmer U.S. dollar and reduced odds of an early Federal Reserve rate cut pressured the metal. Weakening expectations for imminent Fed easing supported the dollar and weighed on bullion, suggesting near-term downside for gold-sensitive positions.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
