Gold closes slightly lower as dollar turns higher

2021-04-07 20:08:14 GMT (Economies.com)
Gold closes slightly lower as dollar turns higher

Gold prices fell on Wednesday, as the US dollar rose against most of its peers following the release of the Federal Reserve meeting minutes.

 

The Federal Reserve meeting minutes showed that the US monetary policy that includes near zero interest rates and asset purchases will remain unchanged from previous meetings for some time.

 

The minutes indicated that despite some signs of improvement in the US economy, and Fed officials believe that the economy needs further progress and growth before any decisions are taken to change monetary policy.

 

The dollar index rose against a basket of currencies by 0.1% to 92.4 points as of 19:29 GMT, after it hit a high of 92.4 points and a low of 92.2 points.

 

Gold June futures fell less than 0.1% or $1.4, and closed at $1,741.6 an ounce, with a high of $1,745.4 and a low of $1,731.2.

 
 
 
  Symbol Last Change Chg.%
1.2060
0.0034
0.2815%
1.3874
-0.0079
0.5644%
Tadawul
10127.90
18.31
0.18%
26.085
0.293
1.138%
61.670
-1.508
2.387%
65.80
0.40
0.61%
1784.395
12.945
0.731%
 
 
Live Forex Updates