Gold prices fall as the dollar rises ahead of the US Federal Reserve meeting
Qiyas summary
Gold prices dropped due to the strength of the dollar and anticipation of interest rate decisions.
Translated by Qiyas from السياسة — Original source
Gold prices dipped slightly in early Asian trading on Tuesday, weighed down by a stronger US dollar, as investors awaited this week’s Federal Reserve (US central bank) meeting for clues on the interest rate trajectory.
Spot gold fell 0.1 percent to $4,013.70 per ounce, while US December gold futures declined 0.3 percent to $4,027.10.
Among other precious metals, spot silver rose 0.1 percent to $53.97 per ounce, platinum remained steady at $1,527.81, and palladium dropped 0.7 percent to $1,042.43.
