The antipodean currencies such as the Australia and New Zealand dollars weakened against their major currencies in the European session on Tuesday, amid escalating Middle East tensions revived inflation and interest-rate concerns.
Spot gold slipped 0.2 percent to $4,396.21 an ounce while U.S. gold futures were down 0.8 percent at $4,440.29 an ounce.
The U.S. dollar index was marginally higher, recovering early losses as investors kept a close eye on developments in the Middle East and looked forward to the release of crucial U.S. inflation data this week, which could influence expectations around the Federal Reserve’s September policy decision.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
FREE 7-Day Trial – No Payment Required
For comments and feedback contact: [email protected]
