Gold sees dull action

Published on May 27, 2022 12:32

Gold saw some buying as the US dollar approached near one month lows. However, overall mood remains dull for the commodity.The latest US Fed minutes showed that Fed officials expect the US economy to rebound from a first-quarter contraction, as both business and household spending remained strong, and the job market remained robust. This pulled down Gold sharply and the metal lost around 20 dollars, falling under $1850 per ounce mark.