Economic TimesLean R·
Gold muted as investors weigh chances of further Fed rate hikes
Gold prices remained stable as investors focus on upcoming potential interest rate hikes by the Federal Reserve. US Treasury prices fell, which led to higher yields after encouraging economic reports were released. Rising inflation and a strong economy contribute to expectations of a rate hike before the national elections. Other precious metals like silver, platinum, and palladium experienced slight fluctuations in their prices.
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