Gold stabilizes as dollar loses ground

2022-11-22 19:08:23 GMT (Economies.com)
Gold stabilizes as dollar loses ground

Gold prices stabilized positively on Tuesday as the dollar slipped against a basket of major rivals, while markets analyse a batch of statements from Fed officials. 

 

Fed Cleveland President Loretta Mister said she could support a decision to slow down the pace of rate hikes in December. 

 

It comes after the Fed raised interest rates for the fourth time in a row by 75 basis points in November. 

 

The dollar index fell 0.5% to 107.2 as of 18:14 GMT, with a session-high at 107.7, and a low at 107.2. 

 

Gold futures rose 0.1% to $1,740 an ounce as of 18:14 GMT. 

 
 
 
  Symbol Last Change Chg.%
1.0510
-0.0080
0.7509%
1.2211
-0.0094
0.7637%
22.406
-0.750
3.241%
75.795
-5.680
6.971%
81.47
-1.01
1.22%
1778.595
-16.965
0.945%
 
 
Live Forex Updates