18 January 2023

Gold Slips as Dollar Rises

International and Arabic
  • QNA Images

London, January 18 (QNA) - Gold prices inched lower on Wednesday as the US dollar firmed, while expectations of a slowdown in the pace of Federal Reserve interest rate hikes limited the losses.
Spot gold dipped 0.3 percent to $1,902.79 per ounce. US gold futures fell 0.2 percent to $1,906.00.

The dollar index was up 0.3 percent. A stronger dollar tends to make gold more expensive for buyers holding other currencies.

Spot silver fell 0.1 percent to $23.90 per ounce, platinum lost 0.6 percent to $1,033.06 and palladium dropped 0.2 percent to $1,740.30. (QNA)


Economy, International, Gold
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