Gold Flat as Traders Assess Fed Rate Hike Path
London, December 06 (QNA) – Gold was stable on Tuesday, as the dollar steadied after seeing its biggest jump in two weeks in the previous session, while worries about bigger rate hikes by the US Federal Reserve lingered.
Spot gold held its ground at $1,769.99 per ounce. US gold futures were unchanged at $1,781.20.
Bullion dropped from a five-month high to close 1.6% lower as the dollar rebounded after the data prompted speculation the Fed may lift rates more than recently projected.
Spot silver climbed 0.5% to $22.37. Platinum was up 0.1% to $998.63 and palladium gained 0.5% to $1,885.75.