Gold slips as dollar gains momentum

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Gold prices inched lower on Wednesday as the U.S. dollar firmed, while expectations of a slowdown in the pace of Federal Reserve interest rate hikes limited the losses.

Spot gold dipped 0.3% to $1,902.79 per ounce, as of 0256 GMT. U.S. gold futures fell 0.2% to $1,906.00.

"Gold is going to bounce around the $1,900 level in the near term. I don't think we are going to see any big moves and it will be stuck in a neutral zone," said Edward Meir, a metals analyst at Marex. Investors will keep an eye out for the U.S. producer price index and retail sales data due later in the day.

 

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How the fuck did gold slips 😂😂

Fixed Dollar gains momentum.

Oh heck think of all those rich people who bought truck loads of it all weeping into their caviar

Dollar is supposed to be a representation of a countries gold supply. The mining of the precious material is what gives it its value. The independent dollar has no value.

I blame that lady going around ensuring people that everything that glitters is gold.

This makes me sick it’s so inaccurate

This is the complete opposite

In the long run...gold never slips! alwayswin :)))

The dollar is dead...

Well, PutinRussia will be upset.

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