Gold Slips Below $4,300 to One-Month Low as Fed Hike Bets, Higher Treasury Yields Weigh
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Gold prices fell ahead of the Fed's interest rate decision on September 16th. Gram gold is trading below 6,700 TL, while ounce gold is below $4,300. Gold declines before Fed decision: Gram gold tests 6,700 TL. (Medyascope)
Gold prices stabilized near their one-month lows in global market trading Tuesday, as investors await the Federal Reserve's decision on interest rates and the outlook for U.S. monetary policy.
Gold slips below $4,300 to one-month low as Fed hike bets, higher Treasury yields weigh
Gold prices fell below $4,300 on Tuesday as investors avoided taking large positions ahead of a Federal Reserve decision, with markets increasingly expecting the first U.S. interest rate hike in more than three years. Spot gold fell 0.54 percent to $4,289.05 per ounce at 06:43 GMT, after hitting its lowest level since August 7 in […]
Could a Fed hike push gold below $4,300 despite rising geopolitical risk?
Gold steadied near $4,300 an ounce on Tuesday after sliding to its lowest level in more than a month, as investors balanced rising geopolitical risk against a stronger dollar and a sharp repricing of US interest rates ahead of the Federal Reserve’s policy decision. Bullion recovered from Monday’s lows but remained under pressure after September futures settled at $4,310, their weakest close since August 6. The move came as the 10-year US Treasur…
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