Gold flat near one-week low as US rate hike looms - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 18 January 2022

Gold flat near one-week low as US rate hike looms

Gold prices were flat on Wednesday, steadying near a one-week low hit in the previous session, as the U.S. Treasury yields strengthened to two-year highs on expectations of quicker interest rate hikes by the Federal Reserve. Spot gold was little changed at $1,813.04 per ounce by 0118 GMT, after falling to a one-week low of $1,805 an ounce on Tuesday. U.S. gold futures were steady at $1,813.30.

from Commodities-Markets-Economic Times
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