Gold holds near 7-week low on robust dollar, Fed taper fears - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Wednesday, 29 September 2021

Gold holds near 7-week low on robust dollar, Fed taper fears

Gold prices inched up on Thursday but hovered near a seven-week low, constrained by a strong dollar and expectations of the U.S. Federal Reserve winding down stimulus measures soon. Spot gold was up 0.2% at $1,729.83 per ounce by 0054 GMT. Prices fell to their lowest level since Aug. 9 at $1,720.49 on Wednesday.

from Commodities-Markets-Economic Times
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