Gold holds steady near 3-week low as markets weigh quicker Fed hikes - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 9 January 2022

Gold holds steady near 3-week low as markets weigh quicker Fed hikes

Gold was flat on Monday, hovering near a three-week low, as traders awaited December U.S. inflation data that could reinforce the case for earlier-than-expected interest rate hikes by the U.S. Federal Reserve after weaker jobs data. Spot gold was little changed at $1,795.11 per ounce by 0234 GMT, after hitting its lowest since Dec. 16 of $1,782.10 on Friday. U.S. gold futures were down 0.2% at $1,794.00.

from Commodities-Markets-Economic Times
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