Gold hovers near 2-week high on softer dollar, Fed minutes a

Gold hovers near 2-week high on softer dollar, Fed minutes awaited


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* A weaker greenback makes gold less expensive for holders of other currencies.
* Focus this week is on minutes from the Fed’s latest meeting – due on Wednesday- after a hawkish tilt from the U.S. central bank surprised markets last month.
* Japan’s household spending rose at a double-digit rate in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of COVID-19 infections weighed on consumer confidence.
* Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions brought life back to the bloc’s dominant service industry, a survey showed.

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