Gold edges lower as US dollar strength weighs on bullion
Gold slipped on Wednesday as the US dollar held near multi-week highs, bolstered by the Federal Reserve’s hawkish stance and ongoing geopolitical risks.
Gold Market
Gold slipped on Wednesday as the US dollar held near multi-week highs, bolstered by the Federal Reserve’s hawkish stance and ongoing geopolitical risks.
Gold edged below $4,350 on Tuesday as the Federal Reserve's hawkish stance countered a decline in US bond yields. The metal's downside appears limited amid geopolitical tensions and mixed technical signals.
Gold pulled back sharply from a 15-week high of $4,697 on Tuesday, weighed by a stronger US dollar and rising oil prices amid geopolitical tensions. However, technical indicators and robust physical demand suggest the bullish trend may persist.