Gold under $1800 mark in Asia

Published on Dec 12, 2022 12:31

Gold prices eased in early Asia and are struggling under $1800 mark on Monday as US treasury yields and dollar drove higher amid cautious sentiments ahead of key U.S. inflation data and a Federal Reserve meeting due this week. Investors keenly await outcome of central bank meeting on Wednesday for further cues on interest rates. The dollar index that measures the greenback against a basket of currencies is higher by 0.32% at 105.14. Meanwhile COMEX gold is down 0.6% at $1799.40 an ounce.