Commodities
Gold falls as a stronger dollar and rate expectations outweigh haven demand
Spot gold fell 0.6% to $4,349.94 as the dollar strengthened and traders priced an 88% chance of a U.S. rate increase in December.
Etiqueta: <span>Interest Rates</span>
Commodities
Gold tests $4,000 support as the dollar and Fed hike risk outweigh haven demand
Spot gold fell 1.2% to $4,026.21 as the dollar held near a four-week high and traders priced a 36% chance of an immediate Fed increase and about 80% for September.
Markets
Australia Business Conditions Steady in June; Confidence Improves
Australian business conditions held steady at +3 in June for a third consecutive month, while confidence jumped to -5 from -14 in May, according to NAB survey. Easing cost pressures from a U.S.-Iran peace deal drove the improvement, though renewed Gulf hostilities have since pushed oil prices higher again.