World1h ago
Gold falls on growing Fed rate hike bets ahead of policy meeting
LONDON: Gold prices slipped on Monday, as expectations of a US Federal Reserve interest rate hike this week strengthened after recent hot inflation data and rallying oil prices. Spot gold was down 1.2 percent at $4,296.68 per ounce by 1216 GMT, after posting a third straight weekly decline on Friday. US gold futures dropped 1.7 percent to $4,335.40. The dollar firmed at an over one-week high, making greenback-priced bullion more expensive for holders of other currencies. “Markets are now
This story was originally reported by Arab News. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
ALSO REPORTED BY OTHER SOURCES (3)
Gold, silver prices retreat as oil prices surge, inflation and rate-hike concerns mount
Spiking oil prices jolt U.S. bond yields past 5%, threatening to set off a vicious cycle of debt just as the Fed is expected to hike rates
Citizens reiterates Sprinklr stock rating ahead of management lunch
Community Sentiment & Coverage Reliability
Crowd-sourced evaluation based on verified reader feedback
Rate Coverage Tone:
No reader evaluations recorded yet — be the first to rate the coverage tone above!
Quick Story Reactions:
Community Discussion (0)
Join the Community Discussion
Sign in or create a free reader account to post comments, upvote analysis, and share your perspective.