Gold stays under $1800 per ounce

Published on Dec 07, 2022 12:50

Gold prices stay pinned near one-week lows as dollar is seen gathering momentum on expectations of further rate hikes. Investors await next week`s U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. US benchmark treasury yields are up nearly 1% while dollar index that measures the greenback against a basket of currencies has recovered back 105 mark. Meanwhile, COMEX gold continues to struggle under $1800 mark and is currently seen marginally higher at $1785.50 an ounce.