Today Morning’s Gold News Posted By Join Our Service:-9760916659,8979570233

Gold prices fall 1% as dollar jumps on hawkish Fed.

Gold prices fell 1% on Thursday, as the dollar rose sharply after the U.S. Federal Reserve increased interest rates by another 75 basis points and flagged more hikes.


  • Spot gold dropped 1% to $1,656.97 per ounce, as of 0114 GMT. U.S. gold futures fell 0.5% to $1,667.30.
  • The dollar index scaled a new two-decade peak versus major peers, making bullion more expensive for buyers holding other currencies.

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