Markets · 1 sources covering this

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.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·1h ago
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.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/ed80aa799019dbec9c261aab4ebad2dcc772a1ed"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Gold set for fourth monthly fall on bets of Fed rate hikes"></iframe>

Gold set for fourth monthly fall on bets of Fed rate hikes

How 1 sources are covering this

Gold set for fourth monthly fall on bets of Fed rate hikes

More from Markets

CSM Technologies IPO allotment date likely today. GMP, steps to check share allotment status online

How Ambani built Project Jupiter to launch India’s biggest IPO

Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 crore

Hexaware Technologies among 5 stocks showing bullish RSI upswing

Reader

Trust & legal

Across the network