Gold steadies after hitting 2-week low as dollar retreats

  • 11/21/2021
  • Source: Reuters
  • by: Reuters
Gold prices stabilized on Monday after hitting their lowest in nearly two weeks, as a retreating dollar lent some support to the metal.

* Spot gold was little changed at $1,845.48 per ounce by 0055 GMT. U.S. gold futures fell 0.3% to $1,846.80.
* The dollar index fell 0.1%, retreating from Friday's high. A weaker dollar reduces bullion's cost to buyers holding other currencies.
* Federal Reserve policymakers are publicly debating whether to taper asset purchases more quickly with one of the central bank's most influential officials signalling on Friday that the idea will be on the table at the Fed's next meeting.

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