Morning Bid: Another one bites the dust
A look at the day ahead in U.S. and global markets from Amanda Cooper.
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A look at the day ahead in U.S. and global markets from Amanda Cooper.
Gold prices edged lower on Monday as the dollar rose after better-than-expected U.S. manufacturing data, while markets await the Federal Reserve's interest rate hike decision this week.
While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges.
Gold prices were poised for a second monthly gain on Friday as lingering economic concerns and an overall weakness in the dollar drove investors to the safe-haven asset, with markets now focused on the U.S. Federal Reserve's meeting due next month.
A look at the day ahead in U.S. and global markets from Mike Dolan