Gold under pressure from Fed's policy speculation
Economies.com
2023-01-30 18:49PM UTC
Gold prices fell on Monday as the dollar advanced against a basket of major rivals and amid speculation for the Federal Reserve's upcoming meeting.
A batch of corporate results will be released this week, on top of which Apple, Meta, Amazon, Alphabet, and Twitter.
The dollar index rose 0.2% to 102.1 as of 18:36 GMT, with a session-high at 102.2, and a low at 101.6.
Gold spot prices fell 0.3%, or $6.20 to $1,923 as of 18:38 GMT.
Gold Prices
Now markets await important policy meetings by major central banks in the US, UK, and Europe this week.
All are expected to increase interest rates and extend their tightening policies to control stubbornly high prices.
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