Gold retreats as firmer dollar halts Fed-inspired rally

Gold retreats as firmer dollar halts Fed-inspired rally

Gold prices eased on Friday, with a firmer dollar curtailing the precious metal’s brief rally spurred by U.S. Federal Reserve Chair Jerome Powell’s reassurance that a rate hike was not on the cards for the time being. Spot gold slipped 0.8% to $1,814.00 per ounce by 1:48 pm EDT. U.S. gold futures settled 1% down…