With a Fed rate hike in the July meeting nearly certain, a positive outlook for gold revolves around central bank buying to drive long-term gold prices.
Gold prices were little changed on Monday as investors awaited a U.S. Federal Reserve meeting this week where the central bank could signal a pause in interest rate hikes from July. Spot.
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Gold prices were set on Friday for a third consecutive weekly gain, underpinned by hopes that the U.S. Federal Reserve will pause interest rate hikes after its July meeting. Spot gold.