Gold Price Today: Bullion Hits One-Month Low as Strong Dollar, Hawkish Fed Drain Demand
Gold slipped to its lowest level in over a month on Thursday, pressured by a stronger dollar and signals from a hawkish Federal Reserve, further dulling its safe-haven draw. By 0649 GMT, spot gold had dropped 1.1% to $4,764.27 an ounce—marking a level last seen on Feb. 6. U.S. gold futures for April shed 2.6% to $4,770. “The metal is struggling in a high dollar and high oil environment,” said Tim Waterer, chief market analyst at KCM Trade. Silver, platinum, and palladium also registered declines.
