Gold eased on Monday after jumping 1% in the previous session as progress in U.S.-China trade talks limited further gains, and as caution set in ahead of this week’s U.S. Federal Reserve meeting.
Dollar Spot
Dollar in Check as Investors Await August Jobs Report – Gold Silver Report
“The dollar has just surrendered some gains, broadly speaking, after its outperformance, ahead of critical jobs data tomorrow,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
As Rupee Nudges 69, RBI Decides to Sell Dollars to Oil PSUs
The Reserve Bank of India sold as much as $12 billion in May in the spot and forward markets together — the highest ever combined sale of dollars — as foreign fund outflows increased and trade war and interest rate hike fears threatened to drive markets lower.