Commodities & currencyMoneycontrol
Gold near 13-month low as Fed rate hike fears grow
Neutral0
GreyOak summary
Gold prices fell nearly 3% to near $3,880 an ounce as investors feared Federal Reserve rate hikes to combat inflation. Brent crude surged to $96 amid US-Iran tensions, reinforcing inflation worries. Traders now price in a quarter-point rate increase next month.
What it affects
- GoldNeutral 0
Gold fell nearly 3% to near $3,880.Rolling sentiment Neutral -2
