The U.S. central bank needs to keep raising borrowing costs to bring high inflation under control, a string of its officials said last week. Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion. Focus this week will be on comments by Fed Chair Jerome Powell when he addresses an annual global central banking conference in Jackson Hole, Wyoming, on Friday.from Commodities-Markets-Economic Times
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