Gold slipped to the lowest in two months as the dollar firmed on concerns about the delta virus strain in Europe. Much of the pressure on gold has come from a stronger dollar. Bullion is headed for the biggest monthly drop in more than four years after the Federal Reserve pulled forward its forecasts for interest rate hikes. Spot gold fell as much as 1.3% to $1,756.02 an ounce, the lowest since April, and was at $1,756.55 by early afternoon in London. The Bloomberg Dollar Spot Index is up 2.1% in June, heading for the biggest monthly gain since March 2020.

Source: News 24 June 29, 2021 12:22 UTC