Precious Metals Preview: Gold Under Pressure Amid Firm Dollar

28 Nov 2022 , 08:53 AM

Gold drifted lower as dollar demand as safe haven rose amid civil disobedience in China over its strict zero-COVID policy, with demonstrators and police clashing in several major cities amid growing public discontent over lockdown measures. Against a basket of currencies, the U.S. dollar index was down 0.36% at 106.30, but off its recent three-month low of 105.30. COMEX gold is currently lower by 0.26% at $1749.40 an ounce. Powered by Commodity Insights