Gold Falls on Expectations of Higher for Longer Fed Rates
- Gold fell as higher oil prices and strong US industrial activity bolstered expectations of tighter Fed policy
Topic
US inflation● −6% net tone today
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Gold Tilts Lower as Iran Impasse Continues to Fan Rate-Hike Bets
- Gold was set to end the week lower as elevated energy prices lifted bond yields and rate-hike bets
- The report links the pressure on gold to the continuing Iran impasse
- Higher energy costs and yields pressure Indian gold demand and jewellery stocks
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Bullion may stay volatile as US data, W Asia tensions take focus: Analysts
- Gold and silver may remain volatile as US data and West Asia tensions test sentiment