Precious Metals Preview: Gold Lingers Near One-Week Low

31 Oct 2022 , 08:55 AM

Gold prices continued to linger near one-week low on Monday as sentiments stayed cautious ahead of a two-day Federal Reserve meeting for further cues on interest rates. US benchmark treasury yields remained at higher levels above 4% on expectations of a rate hike. Meanwhile the dollar index that tracks the greenback against a basket of currencies recovered following a sharp slide to one-month lows last week, in turn weighing down bullion prices. COMEX gold was currently quoting near the flat line at $ 1645.10 an ounce. Powered by Commodity Insights