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.”
You must be logged in to post a comment Login