Gold Prices Hit 6-Month High on Weak Dollar and Rate Hike Pause Bets
• Gold prices at 6-month peak, supported by weaker dollar and bets on Fed pausing rate hikes • Traders look ahead to U.S. GDP and inflation data this week to gauge gold's outlook • Dollar near 2-month low makes gold cheaper for holders of other currencies • Recent soft U.S. data boosts expectations Fed could ease policy sooner than expected • Technical analyst sees potential for gold to extend gains into $2,026-$2,032 range