Gold prices end at a more than 2-week high as September Fed meeting looms

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By News Room 1 Min Read

Gold prices settled Monday at their highest in more than two weeks, finding some support from weakness in the U.S. dollar ahead of a Federal Reserve decision on monetary policy later this week.

Price action

Market drivers

Gold has been holding its ground, digesting prior gains, while “outside fundamental pressures,” such as strength in Treasury yields and strength in the U.S. dollar “fail to decisively push prices down,” said Adam Koos, president at Libertas Wealth Management Group. “This is a positive for…

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