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Gold slips as firm US dollar weighs; focus turns to Fed meeting
Gold prices edged lower on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve’s upcoming policy decision for clues on the interest rate outlook. Spot gold fell 0.5% to $4,056.03 per ounce by 0110 GMT. US gold futures for August delivery lost 0.5% to $4,056.70. President Donald Trump said on Monday the United States was having “good talks” with Iran and there was a chance of a deal over their conflict, but warned that U.S. strikes would resume if the negotiations failed to deliver. Despite Trump’s optimism, Tehran appeared to quickly test the pause in the US military ... (full story)
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