Gold Price: Yellow rebounds sharply from 1-year low as dollar slips, U.S. gold futures settle at $1,735.5
Gold Price: Gold rebounded from a near one-year low on Wednesday as the dollar retreated following an initial rally, helping bullion stave off pressure from prospects of steep rate hikes after U.S. consumer prices surged.
Spot gold rose 0.8% to $1,739.49 per ounce by 1:59 p.m. ET (1759 GMT), clambering from its lowest since August 2021 at $1,707.09. Pic: Pixabay