Gold slides as dollar hits three-week high
Gold hits two week low over possible tapering of stimulus measures by the Federal Reserve
04 June 2021 - 08:30
Gold prices slipped to a more than two-week low on Friday, weighed down by a stronger dollar and an uptick in bond yields after upbeat US economic data bolstered bets over possible tapering of stimulus measures by the Federal Reserve.
Spot gold slid 0.4% to $1,862.68/oz up to 2.30am GMT, having hit its lowest since May 19 at $1,855.59/oz earlier in the session. Prices have fallen more than 2% so far this week...
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