Gold slips as dollar strengthens; investors await US data
- Posted on December 2, 2024
- By Business News Today
- 4 Views
Gold slips as dollar strengthens; investors await US data
Gold prices decline, breaking a four-session rally as the dollar strengthens. Investors await key U.S. economic data to gauge the Federal Reserve's future monetary policy. Spot gold and U.S. gold futures dropped, influenced by expectations of higher tariffs, stalled inflation progress, and interest rate concerns. Other precious metals showed similarly negative trends.