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Gold falls more than 1% after Fed hikes interest rates
Summary by Times of India
5 Articles
5 Articles
#Swalev's gold prices rose during Wednesday's dealings, despite the US Federal Reserve's decision to raise interest rates by 25 basis points, in a step to counter the persistence of inflationary pressures. The Fed raised the range of the target interest rate to 3.75%, in the first increase in interest rates in more than three years, while keeping the door open for further monetary tightening... this gold content recovers despite the Fed's raisin…
Gold prices fell more than 1% on Wednesday after the US Federal Reserve raised interest rates.
The dollar strengthened against the euro.
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Total News Sources5
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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