scorecardresearchGold prices hover near four-week low on elevated dollar

Gold prices hover near four-week low on elevated dollar

Updated: 14 Jun 2022, 08:59 AM IST
TL;DR.
Amid prospects of aggressive monetary policy tightening, spot gold rose 0.4% to $1,825.97 per ounce, as of 0247 GMT, after falling to its lowest since May 19 at $1,810.90 earlier in the session.
One-ounce Austrian philharmonic gold coins arranged at Gold Investments Ltd. bullion dealers in London, U.K., on Thursday, March 17, 2022. Gold�rose for a second day as investors weigh the trajectory of the Federal Reserve�s rates tightening cycle against risks to growth from the war in Ukraine. Photographer: Chris Ratcliffe/Bloomberg

One-ounce Austrian philharmonic gold coins arranged at Gold Investments Ltd. bullion dealers in London, U.K., on Thursday, March 17, 2022. Gold�rose for a second day as investors weigh the trajectory of the Federal Reserve�s rates tightening cycle against risks to growth from the war in Ukraine. Photographer: Chris Ratcliffe/Bloomberg