| Subscribe To Our Free Newsletter |
Gold retreats from record peak as dollar bounces back
Spot gold slipped 2.3% to $2,022.99 per ounce by 10:52 a.m. ET (1552 GMT). U.S. gold futures also fell 2.3% to $2,041.50. Earlier in the Asian session, gold hit a record high of $2,135.4 on growing confidence about a rate cut following Fed Chair Jerome Powell's comments on Friday.
