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Gold slips as Fed rate-hike expectations buoy dollar

Gold prices dipped on Wednesday, reaching their lowest point since June 11, as a stronger dollar, fueled by anticipated U.S. interest rate hikes, made the precious metal pricier for international buyers. Investors are also weighing mixed signals from U.S.-Iran peace talks, adding to market uncertainty. Meanwhile, Dubai's commodities exchange is set to launch a new gold contract to boost liquidity.

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Economic TimesLean R·3h ago
Gold slips as Fed rate-hike expectations buoy dollar
Gold prices dipped on Wednesday, reaching their lowest point since June 11, as a stronger dollar, fueled by anticipated U.S. interest rate hikes, made the precious metal pricier for international buyers. Investors are also weighing mixed signals from U.S.-Iran peace talks, adding to market uncertainty. Meanwhile, Dubai's commodities exchange is set to launch a new gold contract to boost liquidity.
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Gold slips as Fed rate-hike expectations buoy dollar

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Gold slips as Fed rate-hike expectations buoy dollar

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