WASHINGTON (dpa-AFX) - Gold prices rose Monday amid increased safe haven appeal as stocks were bludgeoned on Wall Street.
With The DJIA plunging 400 points and the so-called 'fear index' soaring, gold was up
April gold settles at $1,317.80/oz, up $5.50, or 0.4%.
Traders were looking ahead to this week's Federal Reserve interest rate decision.
Analysts expect a quarter point rate hike, but much attention will be paid to the accompanying statement and so-called dot plot for clues about the pace of subsequent monetary policy tightening.
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