Crypto World
Gold Below $5,000 as Firmer Dollar Weighs
Gold prices edged lower in early trading, holding below the $5,000 mark in the absence of fresh catalysts and amid a stronger dollar.
Futures in New York fell 0.1% to $4,944 a troy ounce, while the U.S. dollar index—which measures the greenback against a basket of major currencies—is up 0.1% at 97.71.
“A stronger USD weighed on investor appetite,” ANZ analysts said. “This offset any gains coming from rising haven buying as geopolitical tensions rise in the Middle East.”