Gold falls ahead of FOMC as dollar and oil rise
Gold prices dropped Monday as markets assessed likely central-bank actions to combat inflation, with a stronger dollar and higher crude oil weighing on demand.
Gold prices fell on Monday as markets weighed the likely steps by global central banks to fight inflation. Inflation concerns, driven by the jump in crude oil prices and the dollar’s surge, also reduced demand for the yellow metal. The text was truncated after referencing both the Federal Reserve and Ba…