Gold Resumes Rebound As Dollar Sags Ahead Of Fed Meeting

Precious-Gold resumed its rebound on Monday from its lowest level in 5-1/2 years as the dollar dropped before a Fed two-day meeting that ends on Wednesday. The yellow metal hit a high of $1104.91 an ounce, while it currently trading at $1103.92, after opening at $1099.26. The dollar slipped against a basket of major currencies to hit a bottom of 96.47, falling from a high of 97.38, according to the dollar index.

from Energy and Metal Commentaries http://ift.tt/1fzmnIg