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Precious Metals Preview: Gold Struggles Under $1800 Mark

7 Dec 2022 , 08:20 AM

Gold prices stay pinned near one-week lows as dollar is seen gathering momentum on expectations of further rate hikes. Investors await next weeks U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. US benchmark treasury yields are up nearly 1% while dollar index that measures the greenback against a basket of currencies has recovered back 105 mark. Meanwhile, COMEX gold continues to struggle under $1800 mark and is currently seen marginally higher at $1785.50 an ounce. Powered by Commodity Insights

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