Gold ticks lower after US Fed chief reaffirms inflation fight - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 22 June 2022

Gold ticks lower after US Fed chief reaffirms inflation fight

Gold is often viewed as a hedge against inflation and a safe store of value during economic crises, like a recession. However, the Fed hiking interest rates to fight inflation raises the opportunity cost of holding bullion, which yields no interest.

from Commodities-Markets-Economic Times
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