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Gold rebounds after six-session losing streak as dollar rally pauses

Gold prices rebounded on Monday, ending a six-session losing streak and indicating potential shifts in global financial sentiment. The precious metal rose over 1.5% to recover from a two-month low, offering hope to investors amid complex economic conditions. The market movement came as the recent rally of the US dollar temporarily halted, creating more favorable conditions for gold investors. The gold market remains sensitive to Federal Reserve policies, with at least seven US central bank officials scheduled to speak this week. Investors are advised to monitor upcoming Federal Reserve communications for potential market shifts.

Original article source: https://www.jpost.com/business-and-innovation/precious-metals/article-829660
Source Id: 8417163752

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