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Gold Eases Below $2,000 Mark As Dollar Halts Slide

Published by: dailynews
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Gold eased below the key $2,000 level on Wednesday, as the dollar stabilised from its recent drop, although expectations that the U.S. Federal Reserve has reached the end of its tightening cycle put a floor under bullion prices.

Spot gold was down 0.1% at $1,996.33 per ounce, as of 0335 GMT. Bullion scaled a three-week high of $2,007.29 in the previous session.

U.S. gold futures eased 0.2% to $1,998.10.

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