Gold dipped below $2000 on Wednesday as the dollar strengthened. Despite warnings from Fed officials, it had crossed that mark in the previous session.
Global shares were mostly flat while U.S. yields fell on Wednesday after the Fed delivered its 11th consecutive hike in interest rates aimed at reining in rising consumer prices.
After the June jobs report showed a cooling but still-hot picture of the labour market, investors are looking to a key inflation report due Wednesday for more clues on the economy’s health.