Gold rose 1% on Monday as the dollar eased, with focus on the release of U.S. Federal Reserve minutes later this week.

The minutes from the Fed's last policy meeting are due on Wednesday, with focus on any hints of a possible change to its guidance at its next review in September. 

Gold has risen 30% so far this year as unprecedented global stimulus to ease the economic blow from the COVID-19 pandemic pushed investors to bullion as a hedge against inflation and currency debasement.

Where are prices heading next? Watch The Gold & Silver Club Commodity Report now with Phil Carr for the latest price forecasts and predictions:

 

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