17 January 2023

Gold Falls Amid Pressure of Rising Dollar

International and Arabic
  • QNA_GOLD_30_8_2022

London, January 17 (QNA) - Gold prices eased back toward the $1,900 support level on Tuesday, pressured by an uptick in the dollar, although hopes of slower interest rate hikes by the US Federal Reserve limited further losses.
Spot gold was down 0.4 percent at $1,910.33 per ounce, following a rally that powered it to its highest level since April 2022 on Monday.
US gold futures fell 0.5 percent to $1,912.60.
The dollar index gained 0.1 percent, making gold more expensive for buyers holding other currencies.
Spot silver inched 1.1 percent lower to $24.13. Platinum fell 0.6 percent to $1,056.38 and palladium lost 0.2 percent to $1,754.38. (QNA)


Economy, International
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