Tuesday, 09 September 2025
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Gold prices edge up as dollar strengthens after Fed's hawkish stance
Tuesday, 24 December 2024 11:22 WIB | GOLD |GOLD

Gold prices edged up in Asian trade on Tuesday, extending a sluggish performance as investors remained cautious about a rising dollar after the U.S. Federal Reserve's hawkish stance.

Traders also refrained from placing big bets ahead of a holiday-shortened trading week.

Spot gold edged up 0.2% to $2,617.22 an ounce, while February gold futures edged up 0.1% to $2,631.89 an ounce by 9:46 p.m. ET (0246 GMT).

The yellow metal edged up 0.3% on Monday, after falling more than 1% in the previous week, reflecting uncertainty about the metal's outlook.

Source: Investing.com

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