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Gold slips as dollar stabilizes, traders await Fed cues

Por: CNBC Business October 25, 2022

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Gold prices fell on Tuesday as the dollar regained some ground, but bullion's losses were capped by expectations that the U.S. central bank may hit pause on its rapid rate hike trajectory.Spot gold fell 0.5% to $1,640.90 per ounce by 0955 GMT, while U.S. gold futures slipped 0.5% to $1,645.00.Expectations of a less hawkish U.S. Federal Reserve had pressured the dollar, but the greenback is now climbing back up, driving gold in the opposite... + full article



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