Gold atop 6-month peak on softer U.S. dollar, bets on Fed

Written by on November 27, 2023

A processed gold bar at a gold exchange house in Pocone, Mato Grosso state, Brazil, on Monday, Aug. 21, 2023.

Arthur Menescal | Bloomberg | Getty Images

Gold prices climbed a six-month peak on Monday, supported by a weaker U.S. dollar and on bets that the U.S. Federal Reserve is done with its interest rate hike cycle, while the focus shifted to U.S. inflation data due later this week.

Spot gold was up . . .

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