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Gold falls as dollar strengthens on Fed rate hike comments

Updated : November 28, 2018 07:30 AM IST

Spot gold fell 0.6 percent to $1,214.64 per ounce at 1:54 p.m. EST (1854 GMT). During the session it touched its lowest since November 15 at $1,211.36.
Ahead of a meeting with Chinese President Xi Jinping at the summit in Argentina this week, US President Donald Trump said that he was "highly unlikely" to accept China's request to hold off from raising tariffs due to take effect on January 1.
Investors also awaited the minutes from the US Fed's meeting on November 7-8 for indications on the future path of rate hikes in 2019, while Fed Chairman Jerome Powell is due to speak on Wednesday.
Gold falls as dollar strengthens on Fed rate hike comments
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