Gold ticks lower on rate hike fears, firm dollar - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 19 December 2022

Gold ticks lower on rate hike fears, firm dollar

Fed Chair Jerome Powell said last week the central bank will deliver more interest rate hikes next year to curb inflation. Other major central banks have also highlighted the same. * Although gold is seen as an inflation hedge, higher interest rates raise the opportunity cost of holding bullion.

from Commodities-Markets-Economic Times
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