Gold Slips On U.S. Fed Rate Views

 Gold fell slightly early Monday as hawkish comments from U.S. Federal Reserve officials late last week raised bets on a rate hike as early as September.
 
                          FUNDAMENTALS
* Spot gold had slipped nearly 0.2 % to $1,325.60 an ounce by 0120 GMT.

* U.S. gold futures dropped 0.3 % to $1,329 an ounce.

* The dollar index, which measures the greenback against a basket of currencies, was down 0.1 % at 95.219.

* The dollar began the week on the back foot on Monday as a bout of risk aversion underpinned the yen, though the U.S. currency garnered some support on renewed talk of a possible rate hike by the Federal Reserve as early as this month.


 

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.12 % to 939.94 tonnes on Friday. For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.