![Gold price today: Weaker dollar supports yellow metal but hawkish Fed could cap gains](https://market-tracker.in/wp-content/uploads/2022/05/623a607af3241-1.jpg)
Gold price today: Weaker dollar supports yellow metal but hawkish Fed could cap gains
Gold prices rised slightly in global markets on Tuesday as the dollar fell from a 20-year high, offsetting pressure from expectations the U.S Federal Reserve kept interest rates higher for longer to combat inflation broadcast. Spot gold was up 0.1% to $1,739.1 an ounce. Morning, gold contracts traded were down 0.29% on the Multi Commodity…