Metals Stocks: Gold prices climb as dollar slips from 14-year high

Gold prices rebounded modestly on Wednesday, getting a boost as the dollar pulled back from a 14-year high.

Gold for February delivery GCG7, +0.33% added $1.50, or 0.1%, to $1,135.10 an ounce, partly recovering from a 0.8% loss on Tuesday.

The metal has dropped 6.2% over the past month, weighed by a rising dollar and higher interest rates. As gold is priced in dollars, any advances for the greenback makes the metal more expensive for other currency holders. Additionally, rising yields make it more attractive to invest in assets that pay interest, which gold does not.

On Wednesday, the dollar lost ground against most major currencies, with the ICE Dollar Index DXY, -0.32% falling 0.1% to 103.21.

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