Gold prices drop on firmer dollar, hawkish Fed talk - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

Post Top Ad

Tuesday, 27 September 2022

Gold prices drop on firmer dollar, hawkish Fed talk

​​​Meanwhile, Chicago Fed President Charles Evans said the central bank will need to raise interest rates to a range between 4.50% and 4.75%. * Though gold is seen as a hedge against inflation and economic uncertainties, rate hikes have dented the non-yielding bullion's appeal and pushed the dollar to multi-year highs.

from Commodities-Markets-Economic Times
Read The Rest:economictimes...

No comments:

Post a Comment

Post Bottom Ad