Gold edges lower as dollar steadies and hawkish Fed outlook weighs
Gold prices fell on Friday as the US dollar stabilized after a sharp drop, with hawkish Federal Reserve expectations adding pressure on the non-yielding metal.
XAUUSD
Gold (XAU/USD) declined on Friday as the US Dollar (USD) regained some footing after a sharp sell-off the day before. The firmer dollar made the metal less attractive.
Hawkish Federal Reserve expectations remained a key headwind, reinforcing the downside for non-yielding gold. The combination of a stabilizing greenback and rate outlook kept pressure on bullion.
Source: FXStreet Forex News