Gold falls near one month low

Published on Feb 10, 2023 11:26

Gold faltered further to stay near a one-month low on Friday, tracking a firm dollar overseas amid rising possibility of interest rate hikes following higher-than-expected unemployment claims data released overnight. Hawkish stance from many Fed officials on interest rates kept the yellow metal under pressure in recent times. The dollar index that measures the greenback against a basket of currencies rebounded to 103.28. Meanwhile, COMEX gold was seen quoting at $1866.40 an ounce, down 0.64% on the day.