Gold Rebounds As US Dollar Selling Picks Up

FXStreet · business

Gold prices have rebounded, trading around $4,381 after an earlier dip to a weekly low of $4,311. The precious metal's recovery is being supported by a softer US Dollar. Expectations of a Federal Reserve rate hike are also fading, contributing to the upward movement in gold prices. This shift in market sentiment suggests a potential change in monetary policy outlook.