Market move▼ Bearish for Indian equities
Gold slips 0.3% as a firmer dollar and higher yields weigh
The brief
- Spot gold fell 0.3% to $4,128.83 per ounce by 0400 GMT
- Lower gold prices may weigh on Indian gold-linked businesses and gold-loan collateral values
- Dollar nears its strongest level this year as haven demand grows
- Euro falls to a 17-month low amid French fiscal concerns and dollar strength
- Stocks upbeat, dollar wobbles as Fed hike bets recede
- Gold firms as easing Fed hike bets offset dollar strength
- US dollar reaches 17-month high as global bond rout hits euro