Gold dips as dollar ticks higher, all eyes on Fed
Wednesday, 10 July 2019 08:42 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices slipped on Wednesday as higher Treasury yields lifted the dollar, while markets awaited testimony from Federal Reserve Chair Jerome Powell for clarity on an expected U.S. rate cut.

Spot gold was down 0.4% at $1,391.98 per ounce at 01:03 GMT.

U.S. gold futures slipped 0.4% to $1,394.40 an ounce.

The dollar index edged toward a three-week high against a basket of major currencies on Wednesday, as easing bets of deep U.S. interest rate cuts pushed Treasury yields higher.

Source : Reuters

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