Gold trades flat amid broad Dollar strength

Published on Sep 20, 2022 14:50

Gold prices were seen benefiting from a slight pull back in dollar in early Asia on Tuesday, although the greenback stayed near two decade highs, restricting any sharp gains in the yellow metal. The dollar index that measures the greenback against a basket of currencies was quoting at 109.56 ahead of the crucial Fed policy meeting where the central bank is expected to continue with its aggressive interest rate hikes stance. US treasury yields near a decade high also kept upward pressure on the greenback. Gold futures were currently trades flat at $1676 an ounce.