Gold prices drop to four-week low amid US Fed policy speculation
Wed, May 1, 2024 11:53 AM

Gold prices drop to four-week low amid US Fed policy speculation

A Flip by Shubhangi Gupta
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Gold prices on Wednesday (May 1) tumbled to their lowest level in almost four weeks as investors eagerly awaited the outcome of the US Federal Reserve's policy decision. Spot gold slipped by 0.1% to $2,284.44 per ounce as of 0436 GMT, marking its lowest point since April 5, according to news agency Reuters. This decline follows a 2% drop on Tuesday, triggered by a surge in the dollar.

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