Gold Price Today: Bullion Slips After One-Month High as Dollar Firms, Iran Talks Stay in Focus
Spot gold fell 0.9% to $4,798.89 an ounce on Wednesday after hitting a one-month high, reversing Tuesday’s 2% surge as the dollar firmed and U.S. rate cut hopes faded. U.S. gold futures settled 0.5% lower at $4,823.60. Silver and palladium declined, while platinum edged up. Markets now see only a 32% chance of a U.S. rate cut this year.