Gold rises on dollar decline, hopes US bailout

Gold rises on dollar decline, hopes US bailout

Gold rose about 1% on Monday as the dollar retreated and expectations of a US stimulus deal ahead of the November presidential election heightened the bullion’s appeal as a hedge against inflation. Spot gold rose 0.6% to $ 1,909.80 an ounce at 9:52 a.m. ET (1:52 p.m. GMT). US gold futures rose 0.4% to $ […]

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