US EditionGold Pares Gains as Dollar Strength, Ukraine Peace Rumors Offset Safe-Haven Demand
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3 Articles
Shafaq News - Baghdad/Erbil: Gold prices dipped slightly on Wednesday as the dollar strengthened, while investors awaited the minutes from the Federal Reserve's latest monetary policy meeting and the U.S. jobs report, which could shed further light on the path of interest rates. Spot gold fell 0.2 percent to $4,059 per ounce at 02:01 GMT. U.S. gold futures for December delivery also declined 0.1 percent to $4,061.60 per ounce. Tim Waterer, senio…
Gold pares gains as Dollar strength, Ukraine peace rumors offset safe-haven demand
Gold (XAU/USD) remains firm during the North American session on Wednesday, but trims earlier gains of over 1% as the US Dollar (USD) rallies sharply as traders wait for a key US job report due on Thursday and assess the developments on the Russia-Ukraine war.
Gold fell slightly, today Wednesday, as a result of the rise in the dollar, while investors await the minutes of the recent monetary policy meeting of the Federal Reserve Council (the Central Bank of the United States) and the US Jobs Report, which may shed more light on the interest rate path.
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