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Home›Commodities›Precious Metals›Gold rises as the US dollar slips ahead of the next Fe…

Gold rises as the US dollar slips ahead of the next Fed move

FXStreet notes gold is up 0.8% to near $4,110 during European trading, with dollar weakness outweighing a modest shift toward a more hawkish Fed path.

Reported · Written up by our desk · Precious Metals

Gold prices increased during European trading on Thursday, rising 0.8% to trade near $4,110, according to FXStreet.

FXStreet attributed the move to a decline in the US dollar, even as expectations for the next Federal Reserve monetary policy action improved slightly toward the upside.

Sources

FXStreetGold Price Forecast: Recoveries likely be capped as 20-day EMA slopes lower

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