Gold: Bears Lose Traction on Weak Dollar and Signals of Less Hawkish Fed, But Still Hold Grip

Spot gold edges higher on Monday after hitting the lowest in almost one year last week, being deflated by rising dollar on expectations of aggressive Fed in its July policy meeting. The US central bank announced it will likely raise interest rate by 75 basis points, in its fight with soaring inflation, but speculations about […]

The post Gold: Bears Lose Traction on Weak Dollar and Signals of Less Hawkish Fed, But Still Hold Grip appeared first on Action Forex.