Gold experiences its largest monthly drop since 2008, driven by hawkish Fed policies and rising inflation fears.
Gold prices slipped more than 1% on
Tuesday and were on track for their biggest monthly decline
since October 2008, as uncertainty in the Middle East gave way
to expectations of U.S. interest rate hikes to tame elevated
inflation.Spot gold was down 1% at $3,975.04 per ounce, as of
Gold poised for biggest monthly drop since 2008 amid Fed rate hike expectations
Gold heads for worst month since 2008 as Fed rate-hike bets outweigh safe-haven demand
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Gold set for fourth monthly fall on bets of Fed rate hikes
Gold heads for steepest quarterly decline in 13 years
Gold posts steepest monthly drop since 2008 as stronger dollar dents appeal | The National
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Gold faces its largest quarterly decline since 2013 amid hawkish Fed signals and rising inflation concerns.
Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline since October 2008, as easing…
