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Gold Slides Below $4,400 as Fed Rate-Hike Bets Surge

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • Gold slipped below $4,400 an ounce as strong US jobs data boosted Federal Reserve rate-hike expectations to 60%.
  • Rising Treasury yields, elevated oil prices from Middle East geopolitical tensions, and an appreciating US dollar create macro headwinds for bullion ahead of upcoming inflation data.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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