Gold prices breach $1800

2022-07-01 07:08:54 GMT (

Gold prices fell on Friday as the dollar index rose against major rivals, piercing the psychological level of $1800.


Later today we'll see important data from the US manufacturing PMI.


Some Fed officials mentioned this week the central bank could be heading for a 0.75% rate hike at its next meeting.


FOMC member John Williams believes the US economy could avoid getting into recession.


The final report of the GDP growth rate measured a contraction of 1.6% in the first quarter.


The Atlanta Federal Reserve expected a US contraction in the second quarter by 1%.


The dollar index rose 0.2% to 104.8 as of 5:38 GMT, with a session-high at 104.9.


Spot gold prices fell 0.5% to $1,797.5 an ounce, while marking a monthly loss of 2.2%, and a quarterly loss of 7.7%. 

More News

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.