Gold futures snapped a three-day losing streak and settled higher on Monday, as a sell-off in global stock markets amid worries about the potential collapse of leading Chinese property developer Evergrande prompted traders to seek the safe-haven commodity.
A slightly positive dollar limited gold's uptick. The dollar found some support with traders eyeing the Federal Reserve's monetary policy announcement, due on Wednesday. The Fed is widely expected to leave monetary policy unchanged but could address the outlook for its asset purchase program.
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