Gold prices fell in light trade on Monday, pressured by a stronger dollar, as investors assessed the way forward for interest rates following hawkish remarks from policymakers from the U.S. Department of Commerce. United States Federal Reserve.
spot gold
fell 0.1% to $1,955.79 an ounce by 04:33 GMT. US gold futures contract
fell 0.2% to $1,967.20.
A stronger dollar index makes bullion less attractive to buyers holding other currencies.
Fed officials were hawkish in their first comments since the central bank left policy rates unchanged at its meeting last week.
GOLD
BUY 1953 - 1951 π―π―
β TP1: 1960
β TP2: 1965
β TP3: 1968
π SL: 1947
spot gold
fell 0.1% to $1,955.79 an ounce by 04:33 GMT. US gold futures contract
fell 0.2% to $1,967.20.
A stronger dollar index makes bullion less attractive to buyers holding other currencies.
Fed officials were hawkish in their first comments since the central bank left policy rates unchanged at its meeting last week.
GOLD
BUY 1953 - 1951 π―π― β TP1: 1960
β TP2: 1965
β TP3: 1968
π SL: 1947
