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Day: August 20, 2024

Gold Prices Steady above $2,500

Gold prices held above the $2,500 mark on Tuesday, buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve’s last policy meeting for further cues on interest rate cuts.

Spot gold edged 0.1% higher to $2,…

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Dollar Hangs near Seven-Month Low on Rate Cut Bets

The dollar hung near a seven-month low on Tuesday on wagers the US central bank will start cutting interest rates from next month.

The dollar index, which measures the US currency against six rivals, touched its lowest since Jan. 2 of 101.82 on Tues…

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