Gold slips as dollar steadies, inflation concerns cap losses - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Monday, 4 October 2021

Gold slips as dollar steadies, inflation concerns cap losses

Gold prices eased on Tuesday as the U.S. dollar edged higher, but lingering inflation concerns kept bullion close to a more than one-week peak hit in the previous session. Spot gold inched 0.2% lower to $1,765.41 per ounce by 0530 GMT, after hitting $1,770.41, its highest since Sept. 23, on Monday. U.S. gold futures were 0.1% lower at $1,766.20.

from Commodities-Markets-Economic Times
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