Gold Eases Below $1210 as U.S. Dollar Rebounds

Spot gold edged lower on Thursday as the dollar rebounded versus the euro and investors assessed the latest standoff over Greece’s bailout.

Spot gold, stronger initially, fell 0.5 percent to $1,206 an ounce, erasing gains made after minutes from the U.S. Federal Reserve showed it was still hesitant about raising interest rates. U.S. gold futures for April delivery gained $7.40 an ounce to settle at $1,207.60.

Spot prices had fallen to a six-week low of $1,197.56 on Wednesday, when investors saw greater potential for a successful resolution to Greece’s debt talk. Prices bounced back after minutes from January’s Federal Reserve policy meeting showed concern about raising interest rates too soon.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.