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Gold eases on firmer dollar ahead of Fed decision
Gold slipped on Tuesday, weighed down by a firmer US dollar, while investors looked ahead to the Federal Reserve’s policy meeting for fresh guidance on the outlook for interest rates. Spot gold eased 0.2% to $4,007.29 per ounce by 0321 GMT, while US gold futures for December delivery dropped 0.5% to $4,019.70. The US dollar held steady near a one-week high, reducing the appeal of greenback-priced bullion for overseas buyers. “We’re seeing gold basically digest within Friday’s range (after) the big drop last week,” said Ilya Spivak, head of global macro at Tastylive. “If we can get a break thro...
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