The price of gold rose as the dollar declined, while investors’ focus shifted to the minutes of the U.S. Federal Reserve meeting in November for guidance on future interest rate hikes. Spot gold increased by 0.4% to $1,745.13. Meanwhile, U.S. gold futures also rose by 0.4% to $1,746.00. Gold recouped some losses from the previous session, when investors preferred to buy the dollar as a safe haven amid new COVID-19 restrictions in China. The halt in the dollar's rise made gold cheaper for buyers outside the U.S.
Gold Rises as Dollar Stops Climbing
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