NEWS HIGHLIGHTS !!!
Gold futures were up 0.86% at $1,995.70 by 12: 35 AM ET (5:35 GMT).
The dollar slumped to its lowest level since May 2018, in the aftermath of U.S. Federal Reserve Vice Chairman Richard Clarida expanding on the Fed’s policy shift on inflation announced last week by Fed Chair Jerome Powell. The wider scope for the Fed to keep benchmark rates lower for longer saw investors retreating from the greenback.