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Gold dips as dollar firms; focus on Fed cues; Spot gold hits $1,744 83 per ounce

Spot gold fell 0.3% to $1,744.83 per ounce by 06:50 GMT. US gold futures GCv1 shed 0.5% to $1,746.20.

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Wall Street rebounds after initial inflation sell-off; S&P, Dow, Nasdaq up over 2%

The Dow Jones Industrial Average rose 827.87 points, or 2.83%, to 30,038.72, the S&P 500 gained 92.88 points, or 2.60%, to 3,669.91 and the Nasdaq Composite added 232.05 points, or 2.23%, to 10,649.15.

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Gold prices steady ahead of US inflation data; Spot gold hits $1,672 79 per ounce

Gold is considered as an inflation hedge, but rising interest rates reduce the appeal of bullion, which yields no interest.

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Gold hits new low as dollar stands tall; Spot gold reaches $1,638 59 per ounce

Spot gold was down 0.3% at $1,638.59 per ounce, as of 0053 GMT, after hitting its lowest level since April 2020 earlier in the session.

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Gold prices flat as more Fed rate hikes loom; Spot gold reaches $1,1611 48 per ounce

Spot gold was unchanged at $1,611.48 per ounce, as of 0148 GMT.

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