HomeEconomicsGold falls as Fed caution boosts dollar, rates

Gold falls as Fed caution boosts dollar, rates

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  • Gold prices fell from a three-month high achieved in the previous session as the dollar and U.S. bond yields rose after a top U.S. central banker cautioned the Fed was not relaxing its fight against inflation.
  • Spot gold fell 0.5% to $1,761.86 per ounce at 0239 GMT after touching a high on Friday.
  • Gold futures fell 0.3% to $1,764.80.After signs of falling U.S. inflation, gold prices experienced their greatest weekly rise since March 2020.

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