Gold held a drop as investors weighed minutes from the Federal Reserve’s July meeting, which signaled ongoing interest-rate hikes but at a slower pace down the track.
Fed Policy Meeting
Gold Slides To 9-Month Low As Investors Turn To Dollar As Haven
Gold extended a decline as the dollar strengthened ahead of US inflation data later this week that could influence the size of the Federal Reserve’s rate hike.
Gold Down as Equities Up Ahead of Fed Policy Meeting
The dollar was steady at 96.593, against a basket of major currencies, after falling 0.2 percent in the previous session.
Asia Stocks Start Week Mixed as Traders Eye Fed
Asian equities traded mixed and currency markets were subdued at the start of a week that’s likely to be dominated by the Federal Reserve’s policy meeting.