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Gold set for fourth monthly fall on bets of Fed rate hikes
Gold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now anticipates U.S. interest rate hikes to combat inflation. This outlook, coupled with a strengthening dollar, is weighing heavily on the precious metal. Investors are keenly awaiting upcoming U.S. employment data for further clues on the Federal Reserve's next move.
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economictimes.indiatimes.com
Gold gains as dollar weakens; still on track for fourth straight weekly loss
Gold prices saw a modest uptick on Friday, buoyed by a weaker dollar and slightly eased expectations of U.S. interest rate hikes following inflation data. Despite this rebound,…
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Gold set for fourth monthly fall on bets of Fed rate hikes
Gold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now anticipates U.S. interest rate hikes to…
