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Gold dips on firmer dollar; US inflation data in focus

Gold prices experienced a decline as the dollar strengthened following the Federal Reserve's decision to hold interest rates steady. Market participants are now paying close attention to forthcoming inflation statistics, which could sway the Fed's future decisions. Spot gold dropped by 0.7%, while both silver and platinum recorded slight downturns. However, palladium saw a modest uptick due to ongoing market volatility.

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Economic TimesLean R·2h ago
Gold dips on firmer dollar; US inflation data in focus
Gold prices experienced a decline as the dollar strengthened following the Federal Reserve's decision to hold interest rates steady. Market participants are now paying close attention to forthcoming inflation statistics, which could sway the Fed's future decisions. Spot gold dropped by 0.7%, while both silver and platinum recorded slight downturns. However, palladium saw a modest uptick due to ongoing market volatility.
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Gold dips on firmer dollar; US inflation data in focus

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