Gold holds near four-week low on elevated dollar - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 13 June 2022

Gold holds near four-week low on elevated dollar

Late on Monday, expectations for a 75 basis point hike at the Fed's June meeting jumped to 96% from 30% earlier in the day, according to CME's Fedwatch Tool. A 75-bp hike would be the biggest since 1994. Spot silver dipped 0.9% to $21.68 per ounce, platinum fell 0.6% to $967.67, and palladium dropped 1.3% to $1,909.49.

from Commodities-Markets-Economic Times
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