Gold price remains on the defensive on a firmer US Dollar

Gold price extends its decline amid the renewed USD demand on Wednesday. Investors place lower bets on the potential Fed interest rate cuts in 2024. The Fed’s Philip Jefferson, Susan Collins, and Lisa Cook are scheduled to speak later on Wednesday. Gold price attracts some sellers on the firmer US Dollar during the Asian trading hours on Wednesday.

The additional upside filter to watch is the $2,400 round mark, en route to an all-time high near $2,432. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD 0.08% 0.09% 0.13% 0.22% 0.29% 0.12% 0.06% EUR -0.09% 0.01% 0.03% 0.14% 0.20% 0.04% -0.02% GBP -0.09% -0.01% 0.03% 0.13% 0.20% 0.03% -0.04% CAD -0.12% -0.04% -0.02% 0.10% 0.16% 0.00% -0.

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