Gold’s surge stalls as Fed rate bets and a stronger dollar sap momentum
Gold's sharp advance since 2023 has lost momentum as expectations of tighter U.S. monetary policy and a firmer dollar undermine the metal's recent gains. After touching a record $5,595 in January, spot gold has dropped roughly 25%, sinking to a six-month low as strong U.S. jobs data pushed rate-hike bets higher and sent prices below a key moving av…