(Mining.com) On Monday, gold was trending higher thanks to a weaker dollar ahead of a US Federal Reserve meeting where investors would look for clues of the timing of only the second interest rate hike in a decade.
In cautious trading gold futures in New York for delivery in June, the most active contract, advanced to a high of $1,243.80 an ounce in morning dealings before paring some of those gains.Gold has been drifting lower after hitting a 13-month high of $1,274 an ounce in March but remains up just under 17% in 2016.
