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18 April 2024

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Gold gains on weaker dollar; traders brace for Fed rate decision

05-05-2025 09:09 AM


Ammon News - Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the U.S.-China trade relations, along with the Federal Reserve's policy meeting due later this week.

Spot gold gained 0.5% to $3,256.85 an ounce, as of 0416 GMT. U.S. gold futures rose 0.7% to $3,265.10.

The dollar was down 0.3% against its rivals, making gold more attractive for other currency holders.

Spot silver rose 0.5% to $32.14 an ounce, platinum fell 0.2% to $957.77 and palladium gained 0.2% to $955.28. Reuters




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