Gold prices fell more than three percent in global market trading on Friday, affected by the Federal Reserve chairman's remarks and rising expectations for a US interest rate hike.
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#Swalev's gold prices declined by more than 3% during yesterday's Friday dealings, in a move reflecting a re-evaluation of the US monetary policy path by markets, after Fed Chairman Kevin Warch's statements raised growing concerns about continued inflation and the possible need for tighter action in the coming period. The fall of yellow metal came at the same time as the US dollar climbed, after... this content of the US Fed's statements fell at…
Gold prices fell more than three percent in global market trading on Friday, affected by the Federal Reserve chairman's remarks and rising expectations for a US interest rate hike.