Gold Prices Traded To Nearly Four-Month Highs As The Dollar

Gold prices traded to nearly four-month highs as the dollar came under pressure after the euro rushed on hawkish European Central Bank meeting minutes signifying monetary policy tightening may soon follow.

The hawkish tone of the minutes added a rush in the euro, pressuring the dollar toward fourmonth lows, while weaker-than-forecast wholesale inflation for December intensified the dollar’s retreat supporting a slight increase in gold prices.

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