Gold dips as dollar firms, Fed rate hike looms - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 24 July 2022

Gold dips as dollar firms, Fed rate hike looms

FUNDAMENTALS Spot gold was down 0.2% at $1,722.84 per ounce, as of 0110 GMT, after rising to a more than one-week high on Friday. The European Central bank will raise its interest rates until inflation falls back to its 2% target, President Christine Lagarde said in an interview with Germany's Funke Mediengruppe published on Friday.

from Commodities-Markets-Economic Times
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