Gold eases as dollar recovers lost ground, investors gauge Powell testimony

Topics Gold Prices | Dollar | Jerome Powell


By Brijesh Patel (Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was "uneven and far from complete." Spot gold was down 0.3% at $1,803.62 an ounce by 2:10 p.m.

EST (1910 GMT), after briefly moving into positive territory as the dollar dipped following Powell's comments. U.S. gold futures settled down 0.1% at $1,805.90. Powell said it will be "some.

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