REUTERS: Gold rallies on dollar retreat as markets grapple with OPEC surprise
Gold rallied 1% on Monday as the dollar's retreat burnished bullion's appeal as a safe-haven after a surprise output cut by OPEC+ rekindled fears of prolonged inflation and triggered uncertainty about the central bank response.
"We're getting hit consistently by big major events here and that is keeping investors nervous," said Edward Moya, senior market analyst at OANDA, referring to the global banking turmoil that pushed gold nearly 8% higher last month...