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