Precious Metals Preview: Gold tests two week low as dollar turns higher

COMEX Gold futures slipped to a two week low on Tuesday, extending Monday's steep drop, as the US-Iran conflict sent oil surging and hawkish comments from Fed Governor Waller lifted bets on a September rate. Treasury yields stayed elevated and the US dollar index zoomed above 101 mark. This pulled Gold under $4000 per ounce mark before some stability emerged in the metal.

Powered by Commodity Insights