Gold prices buoyed by bargain hunters; robust dollar limits upside - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 7 September 2022

Gold prices buoyed by bargain hunters; robust dollar limits upside

​​​The U.S. Federal Reserve too is largely expected to deliver a 75 basis point rate increase later this month. The U.S. central bank has raised its benchmark overnight interest rate by 225 basis points in total since March. Although gold is considered a hedge against inflation, rising U.S. interest rates reduce the appeal of non-yielding bullion.

from Commodities-Markets-Economic Times
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