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(Reuters) – Gold prices fell on Tuesday as the dollar reached its highest level in two months, as investors waited for a two – day meeting of the US Federal Reserve to lower oil prices. interest.
At 5:50 am GMT, spot gold was down 0.3% to $ 1,422.85 an ounce.
Futures on US gold rose 0.3% to $ 1,423.90 an ounce.
The Fed begins its meeting Tuesday, widely expected to reduce interest rates by 25 basis points. This would be the first interest rate cut by the US central bank in 10 years.
At the same time, the dollar index reached Tuesday its highest level in two months, while expectations of a reduction in interest rates by the US Federal Reserve have declined. The appreciation of the dollar increases the cost of gold for holders of other currencies.
Among the other precious metals, silver fell 0.3% to $ 16.41 an ounce and platinum 0.1% to $ 878.60 an ounce.
Palladium fell 0.3% to 1549.04 dollars an ounce, after peaking at two weeks in the previous session.
(Reuters)
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