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Gold rally eases as US dollar edges higher, investors cash out
Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on expectations of interest rate cuts by the Federal Reserve next month. Spot gold was down 0.5% at $4,107.41 per ounce, as of 0421 GMT, after hitting its highest since October 23 on Tuesday. US gold futures for December delivery edged 0.1% lower to $4,113.80 per ounce.“The dip in dollar has suited gold and silver, which have both been posting gains this week,” KCM Trade Chief Market Analyst Tim Waterer said. “It appears that ‘normal service has ... (full story)
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