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Market move▼ Bearish for Indian equities
PRECIOUS-Fed tightening bets weigh on gold prices
The brief
- Gold prices fell as higher oil prices stoked inflation fears and expectations of further rate hikes
- Gold weakness may weigh on Indian gold ETFs and jewellery stocks
- Look closer, and Wall Street’s rally is showing cracks
- US 30-year Treasury yield tops 5.53% as consumer sentiment strengthens
- Fed’s Hammack says bond yield surge not about lost inflation confidence
- Fed’s Hammack says public’s inflation expectations could worsen
- Mounting rate hike bets keep weekly loss in sight for gold