Gold Slips on Firmer Dollar, US Inflation Data in Focus

August 28, 2024, 03.53 PM
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.

Source: ReutersEditor: Wahyu T.Rahmawati

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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