Mineral Resources
Gold gains 1% as traders brace for crucial United States inflation information
Gold rates jumped 1% on Monday after a two-week low hit in the previous session as investors assessed decreasing bets of U.S. rate of interest cuts ahead of an essential inflation report due later on in the week. Area gold was up about 1% to $2,355.60 per ounce since 10:05 a.m. ET (1405 GMT), having touched its least expensive given that May 9 at $2,325.19 on Friday. The majority of the markets in the U.S. are closed for the Memorial Day federal holiday. Bullion struck a record high of $2,449.89 recently, however has shed more than $100 since then. Gold...