Gold Little Changed Despite Dollar Weakness

My FX Forum

Staff member
Gold prices were little changed on Wednesday even as the dollar pulled back from a seven-week high after a fall in U.S. Treasury yields.

Spot gold was marginally higher at $1,187.38 an ounce while U.S. gold futures were down slightly at $1,191.10.

U.S. President Donald Trump has criticized the Federal Reserve once again, saying he believes the central bank was moving too quickly with the rate hikes.

Trump also repeated a threat to impose tariffs on $267 billion worth of additional Chinese imports if Beijing retaliates for the recent levies and other measures.

Elsewhere in Europe, Italian bond yields pulled back from four-year high hit on Tuesday after the country's finance minister tried to stem growing concerns over Italy's budget plans, saying the government will do all it can to restore market confidence.