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Business / World Business

Gold declines as dollar gains, markets await Fed appointments

Published: 06 Aug 2025 - 07:40 pm | Last Updated: 06 Aug 2025 - 07:42 pm
File photo

File photo

QNA

Singapore: Gold prices edged lower on Wednesday due to a slightly firmer dollar, amid anticipation of decisions by the Federal Reserve (central bank).

Spot gold was down 0.1% at $3,374.01 per ounce, after hitting a near two-week high on Tuesday.

US gold futures fell 0.1% to $3,431.10.

The dollar opens new tab rebounded from a one-week low hit in the previous session, reducing gold's appeal to holders of other currencies.

Spot silver was steady at $37.82 per ounce, platinum slipped 0.5% to $1,313.94 and palladium fell 1% to $1,164.15.