Gold Falls as Higher Oil Prices Lift Expectations for Further Fed Rate Hikes
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Gold Falls as Higher Oil Prices Lift Expectations for Further Fed Rate Hikes
Gold prices declined on Tuesday as rising oil prices and more hawkish signals from Federal Reserve policymakers increased expectations that U.S. interest rates could stay ... The post Gold Falls as Higher Oil Prices Lift Expectations for Further Fed Rate Hikes first appeared on [your]NEWS.
Economy: Direct - Gold prices fell today Tuesday as market expectations continued with a tighter monetary policy by the Federal Reserve Council during the current year...
Gold falls as markets discount tighter Fed policy
The price of gold fell on Tuesday after comments from US central bank officials reinforced market expectations that interest rates will remain elevated for an extended period, Reuters reported. Spot gold prices reached $4,327.74 (€3,766.53) per troy ounce by 1 p.m. CEST.
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