Gold prices are experiencing a significant monthly drop, nearing their largest decline since 2008. This downturn is driven by expectations of Federal Reserve interest rate hikes aimed at controlling inflation, fueled by rising energy prices. A strong US dollar further dampens gold's appeal as an inflation hedge, with traders anticipating multiple rate increases this year. Investors are closely watching upcoming economic data for clues on the Fed's next move.

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…

Gold and silver prices tumbled over 1% on Tuesday, driven by Middle East tensions and anticipated US Federal Reserve rate hikes to combat inflation. International spot gold saw…

Gold experiences its largest monthly drop since 2008, driven by hawkish Fed policies and rising inflation fears.

Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline since October 2008, as easing concerns over the Middle East conflict gave way to…

Gold has fallen more than 12% this month as higher US interest rate expectations curb safe-haven demand

Spot gold has shed 12.1 per cent so far in June in what could be its fourth consecutive monthly fall. Read more at straitstimes.com. Read more at straitstimes.com.

Gold prices are experiencing a significant monthly drop, nearing their largest decline since 2008. This downturn is driven by expectations of Federal Reserve interest rate hikes…

Gold faces its largest quarterly decline since 2013 amid hawkish Fed signals and rising inflation concerns.

Bullion slides as persistent inflation fuels expectations of higher US borrowing costs

Gold prices decline as rising US Treasury yields and Fed rate outlook contribute to the largest quarterly drop since 2013.