Gold Retreats as Hawkish Fed Comments Reinforce Policy Tightening Bets

BITRSS

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According to ChainCatcher, gold prices declined within a range due to a stronger dollar and hawkish comments from Federal Reserve officials, which increased market expectations for monetary policy tightening. The dollar rose to a two-month high, making dollar-denominated gold more expensive. Richmond Fed President Barkin stated that interest rate hikes and the threat of further future hikes could dampen corporate inflation expectations.

El Economista

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Markets adjust their expectations for the Fed's interest rate following restrictive comments from their officials, while following information about the war in the Middle East.

Hospodárske Noviny

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The price of gold fell on Wednesday, moving below $4,330 per troy ounce (31.1 g). The markets are still affected by statements by some representatives of the US Federal Reserve that interest rates should remain high for a longer period. Reuters reported. The spot price of gold has...