Softer dollar sets gold on track for best week since mid-January

Atlanta Fed President Raphael Bostic said on Thursday the impact of higher U.S. rates on the economy may only begin to "bite" in earnest this spring, an argument for the U.S. central bank to stick with "steady" quarter-point rate increases.Despite gold being known as an inflation hedge, rising interest rates raise the opportunity cost of holding zero-yielding bullion and make it a less attractive bet

from Commodities-Markets-Economic Times
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