Gold price breaks $5,100 record as dollar slips; Fed decision in focus
Gold hit a record $5,110.50 an ounce Monday before retreating to $5,053.37, up 1.42%. The dollar index fell 0.22% to 97.01, while the 10-year Treasury yield dropped to 4.215%. Gold miners Newmont and Barrick rose alongside bullion. The Fed is expected to hold rates steady this week as central banks shift reserves from the dollar.