Gold falls to over one-month low on stronger dollar, hawkish Fed tone

Global gold prices directly influence Indian gold demand and prices, impacting jewelers and gold loan companies. A stronger dollar and higher US yields make non-yielding gold less attractive.

• •Gold prices fell to their lowest level in more than a month.
• •Pressured by a stronger dollar and rising Treasury yields.
• •Hawkish U.S. Federal Reserve further dampened bullion's appeal.
• •Risk flag: Further strengthening of USD
• •Risk flag: More hawkish Fed commentary