(Bloomberg) -- Gold fell — narrowing what is set to be its third straight month of gains — as investor focus turned to this week’s Federal Reserve rate...
-- Gold fell — narrowing what is set to be its third straight month of gains — as investor focus turned to this week’s Federal Reserve rate-decision meeting at which policymakers are expected to strike a hawkish tone.Bullion edged lower to trade around $2,320 an ounce — though it was still up about 4% for the month — ahead of the Federal Open Market Committee decision on Wednesday.
Spot gold fell 0.7% to $2,320.55 an ounce by 2:30 p.m. in Singapore. The Bloomberg Dollar Spot Index was up 0.3% after falling 0.4% on Monday. Silver, palladium and platinum all declined.Biden Strategy to Tame Gas Prices Is in Peril as Iran Sanctions Pressure MountsOil Holds Drop as Mideast Cease-Fire Talks Erode Risk Premium
TOKYO -The yen struggled to hold its line against the dollar on Tuesday after making sharp gains the previous day sparked by suspected intervention by Japanese authorities. The currency inched down 0.30% to 156.79 per dollar but was well off its 34-year low of 160.245 hit on Monday when traders say yen-buying intervention by Tokyo drove a eye-catching rebound of nearly six yen.
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