Gold falls as Fed rate-hike odds rise and dollar strengthens
Spot gold was down 0.6% to $4,350.39/oz by 11:40 a.m. ET as expectations for further US Fed tightening this year rose, alongside hawkish signals from other central banks that strengthened the dollar.
Gold prices fell on Monday as expectations grew for further policy tightening by the US Federal Reserve this year, while hawkish signals from other major central banks lifted the dollar. m. ET (1540 GMT), after falling more earlier in the session.