Gold softends amid rebound in US dollar

Published on Jan 17, 2023 12:52

Gold prices eased slightly in early Asia on Tuesday tracking a rebound in US dollar overseas but held near a nine-month high on expectation of slower pace of rate hikes by the Federal Reserve on the back of easing inflation in the US. The dollar index rebounded from a seven-month low and bond yields climbed, denting appeal for the bullion. COMEX gold is currently seen quoting at $1913.30 an ounce, down 0.44% on the day.