⛏Gold Futures
GOLD
▼ NegativeMonetaryrelevance
Gold slips as Fed rate hike expectations strengthen the US dollar, weighing on bullion.
Impact on assets 1
Others
Gold (XAU/USD) kicks off the new week on a weaker note following Friday's failure near the $4,400 mark, stalling a two-day-old recovery move from a six-week low touched last Wednesday. The metal is drifting lower as expectations of a Federal Reserve rate hike and geopolitical tensions bolster the US dollar ahead of a summit between President Donald Trump and Chinese President Xi Jinping. The failed push toward $4,400 has left the recovery from last Wednesday's six-week low looking fragile, with the stronger dollar weighing on bullion. Traders are watching the Trump-Xi meeting for any signals on trade or broader risk sentiment that could sway both the dollar and gold in the sessions ahead.
Gold slips as Fed rate hike expectations strengthen the US dollar, weighing on bullion.