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Gold heads for fourth weekly loss amid Fed rate hike expectations
Gold prices are facing a significant downturn, nearing a fourth consecutive weekly loss, as a robust US dollar and anticipated aggressive interest rate hikes by the Federal Reserve to combat inflation exert pressure. The precious metal has dipped below the $4,000 per ounce mark for the first time in years. Analysts predict this downward trend could persist for months, with potential long-term price targets around $3,400.
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economictimes.indiatimes.com
Gold price today drops big. Will gold rate crash continue this week?
Gold rate prediction: Traders ratcheted up bets on higher interest rates this year, with an about 68 per cent chance of a September hike, up from 29 per cent last week, according…
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cryptobriefing.com
Gold falls to two-week low as dollar strengthens and Fed rate hike bets surge
Gold dropped nearly 2% to a two-week low near $4,067 as the US dollar surged and markets priced a 69% chance of a September Fed rate hike under Chair Kevin
