Gold Slips on Firmer Dollar, US Inflation Data in Focus

August 28, 2024, 03.53 PM | Source: Reuters
Gold Slips on Firmer Dollar, US Inflation Data in Focus

ILUSTRASI. Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week.

GOLD - JAKARTA. Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut.

Spot gold fell 0.6% to $2,509.75 per ounce by 0749 GMT. Bullion hit a record high of $2,531.60 on Aug. 20.

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