The dollar index fell 0.2%, making the yellow metal less expensive for overseas buyers.
Gold prices are trying to recoup losses despite the Fed’s tightening approach.
Gold posted its biggest weekly decline since mid-November on Friday, Federal Reserve Chairman Jerome Powell said American central bank will continue to increase Benefit next year despite growing recession fears.
As for other precious metals, silver fell 0.4% to $23.12 an ounce.
Platinum fell 0.2% to $989.52 and palladium was up 0.7% to $1,725.38.
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and stability gold Spot traded at $1791.56 an ounce by 0709 GMT. U.S. gold futures rose 0.1% to $1,802.50.
The dollar index fell 0.2%, making the yellow metal less expensive for overseas buyers.
Gold prices are trying to recoup losses despite the Fed’s tightening approach.
Gold posted its biggest weekly decline since mid-November on Friday, Federal Reserve Chairman Jerome Powell said American central bank will continue to increase Benefit next year despite growing recession fears.
As for other precious metals, silver fell 0.4% to $23.12 an ounce.
Platinum fell 0.2% to $989.52 and palladium was up 0.7% to $1,725.38.
