GOLD PRICES STAY UNDER $1900 MARK

Published on Feb 09, 2023 11:40

Gold prices stay pressured under $1900 mark as dollar continues to hover above 103 mark following improved jobs report that raised expectations of a aggressive policy stance although Powell reiterated in its recent speech that a process of "disinflation" was underway. The dollar index that measures the greenback against a basket of currencies was at 103.25 while COMEX gold stayed near the flat line at $1891.20 an ounce.