Gold prices extended losses into a fourth session on Monday, with the dollar remaining supported as investors expect the U.S. Federal Reserve to raise interest rates this week.
Gold is highly sensitive to rising U.S. interest rates, becoming less attractive to investors as it does not bear interest.
It is somehow expected and is already priced in the market so I stick to my prediction that precious metals, with gold included, are going to have range-bound trading, unless something really surprising happens.
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