Gold prices fall 0.4% as dollar strengthens ahead of Fed meeting
Gold prices dropped 0.4% to $4,000.52 per ounce as the dollar rose, with investors awaiting the US Federal Reserve meeting and inflation data.
Key Takeaways
AIGold prices fell by 0.4% on Tuesday to $4,000.52 per ounce, pressured by the US dollar climbing to its highest level in nearly two weeks.
Investors are closely watching the upcoming US Federal Reserve meeting and the release of US inflation data scheduled for Thursday.
Other precious metals also declined, with silver down 1.3% to $53.23 per ounce, platinum dropping 1.7% to $1,501.30, and palladium falling 2.9% to $1,019.50.