London, Jan 28, 2026 (AFP) - Dollar halts descent, gold keeps climbing before Fed update

NAMPA / AFP

2026-01-28

The dollar enjoyed a respite Wednesday after this week's steep drop as traders awaited the US Federal Reserve's take on interest rates, while gold reached another record high thanks to investors seeking safety amid an uncertain economic outlook. European stock markets came under pressure as strength in the euro and sterling against the dollar weighed on the earnings potential of the continent's multinationals. "A strong currency is unhelpful as......

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