Gold edges up as dollar trims gains

Economies.com
2024-06-10 19:44PM UTC

Gold prices rose on Monday as the dollar tapered off against most major rivals ahead of the Federal Reserve’s policy meeting. 

 

Markets await important events this week, which include the Federal Reserve’s policy meeting this week, expected to maintain interest rates unchanged, with Fed Chair Jerome Powell talking later about the future of policies. 

 

Markets also await US consumer prices data later this week, in addition to producer prices data. 

 

Otherwise, the dollar index rose 0.2% as of 20:32 GMT to 105.1, with a session-high at 105.3, and a low at 104.9.

 

On trading, gold spot prices rose 0.2%, or $3.40 as of 20:33 GMT to $2328.5 an ounce.

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