Gold edges lower as dollar uptick dims appeal - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 1 December 2021

Gold edges lower as dollar uptick dims appeal

Gold prices eased on Thursday hurt by a firmer dollar, as investors assessed how central banks are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron coronavirus variant. Spot gold XAU= fell 0.1% to $1,780.36 per ounce by 0050 GMT. U.S. gold futures GCv1 dropped 0.1% to $1,782.50.

from Commodities-Markets-Economic Times
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