Gold price slips from record highs as U.S. data lifts dollar, Fed meeting looms
Gold prices dipped again on Friday, following a slide from the day before as robust U.S. economic data boosted the dollar and cooled appetite for safe-haven assets. Spot gold dropped 0.3% to $4,603.02 an ounce by 0918 GMT. Meanwhile, February U.S. gold futures slipped 0.4% to $4,606.70. “There was a lot of momentum in the market, which seems to have faded slightly,” said Julius Baer analyst Carsten Menke.
