Persistent strength in the US dollar overseas is seen hammering gold prices that plummeted below $1700 mark. Hawkish signals from the Federal Reserve on continuing with aggressive rate hike stance is keeping treasury yields elevated near 4% and pushing dollar index higher. The dollar index that measures the greenback against a basket of currencies is seen hovering near recent peaks at 113. CONEX Gold is down 0.15% at $1672.60 an ounce. Powered by Commodity Insights
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