Commodities & currencyBusinessLine
Gold falls to one-week low on firm dollar
Neutral0
GreyOak summary
Gold prices fell 0.2% to $3,981.49 per ounce, reaching a one-week low. The decline followed stronger-than-expected US inflation data and hawkish Federal Reserve remarks that boosted the dollar to a 19-month high. Higher rate hike expectations increased the opportunity cost of holding non-yielding bullion. Market participants now await the US Producer Price Index report.
What it affects
- GoldNeutral 0
Gold fell to a one-week low.Rolling sentiment Neutral -2
