Gold is seen correcting on Thursday following a near 1% gain in the previous session as dollar is seen strengthening ahead of next weeks Federal Reserve interest rate decision. US benchmark treasury yields are up more than 1% at 3.44%, pulling the dollar higher. The US Dollar, as measured by the DXY index, which measures the greenback against a basket of currencies, fell to a low of 104.87 on Wednesday and climbed to 105 levels on Thursday, weighing on Gold prices. COMEX gold is currently quoting lower by 0.2% at $1794.40 an ounce. Powered by Commodity Insights
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