
Gold Drops but Gets a Light Boost
Gold futures edged down 0.15% to $1,671.75 by 1:08 AM ET (5:08 AM GMT), touching a one-week high of $1,949.32 earlier. On Monday, the dollar, which usually moves inversely to
Gold futures edged down 0.15% to $1,671.75 by 1:08 AM ET (5:08 AM GMT), touching a one-week high of $1,949.32 earlier. On Monday, the dollar, which usually moves inversely to
The dollar intensified as the U.S. Federal Reserve looked to tighten its monetary policy faster than expected, which partially offset the safe-haven demand from the continuing war in Ukraine. Gold
Brent crude futures (BRN1!) were higher 11 cents, or 0.1%, at $106.75 a barrel as of 0339 GMT, having dropped to $105.06 earlier. U.S. West Texas Intermediate futures (CL1!) lost
Spot gold (XAU=) was under 0.2% at $1,928.52 per ounce by 0457 GMT. U.S. gold futures (GCv1) were falling 0.1% at $1,931.70. According to Ilya Spivak, a currency strategist at
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