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Gold Sinks to Three-Week Low as Dollar Rallies on Fed Rate Hike Fears

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

News Summary

  • Gold prices dropped to three-week lows as a strengthening U.S.
  • dollar and rising inflation risks boosted Federal Reserve rate-hike expectations.
  • Geopolitical tensions failed to provide safe-haven support against surging energy-driven inflation fears, with traders now closely eyeing upcoming U.S.
  • employment reports for direction.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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