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Gold Slips as Dollar Rallies and Fed Outlook Becomes Cloudy

Friday, August 7, 2026IBN.aiView original
Gold prices declined at the start of the week as the U.S. dollar regained momentum, reducing demand for the precious metal despite lingering geopolitical tensions. Spot gold traded near $4,037 as traders weighed stronger U.S. economic data against uncertainty surrounding the Federal Reserve’s policy path.  As things stand, gold producers like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) may be glad that… […]