Gold prices bounced back on Monday after six consecutive sessions of losses, driven by a pause in the U.S. dollarโs rally. Investors are now awaiting comments from Federal Reserve officials for insights into the future interest rate trajectory. The precious metalโs price rose 1.3% to $2,593.32 per ounce, moving away from a two-month low reached last Thursday. This rebound comes after gold experienced its largest weekly decline in over three years due to expectations of less aggressive interest rate cuts by the Fed.
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