KONTAN.CO.ID - SINGAPORE. Gold prices eased on Thursday as the dollar recovered slightly, while market participants await further direction on U.S. rate hikes from the Federal Reserve meeting next week. Spot gold fell 0.2% to $1,783.50 per ounce, as of 0248 GMT, after rising more than 1% on Wednesday supported by a pullback in the dollar and U.S. bond yields. U.S. gold futures GCv1 were down 0.2% to $1,795.10. The dollar index was up 0.2%, making the greenback-priced metal more expensive for buyers holding other currencies.
Gold Inches Lower as Dollar Ticks Up
KONTAN.CO.ID - SINGAPORE. Gold prices eased on Thursday as the dollar recovered slightly, while market participants await further direction on U.S. rate hikes from the Federal Reserve meeting next week. Spot gold fell 0.2% to $1,783.50 per ounce, as of 0248 GMT, after rising more than 1% on Wednesday supported by a pullback in the dollar and U.S. bond yields. U.S. gold futures GCv1 were down 0.2% to $1,795.10. The dollar index was up 0.2%, making the greenback-priced metal more expensive for buyers holding other currencies.