Gold price today: Why gold is falling as oil rises and Fed rate hike bets grow
4 Articles
4 Articles
Spot gold fell 0.4% to $4,385.85 per ounce, having reached as high as $4,442.7 intraday.
Evening digest: AMD rallies, Gold drops on Fed rate hike bets
AMD shares jumped after the chipmaker raised its potential 2030 total addressable market to $3 trillion. Gold prices edged lower as higher oil prices increased inflation concerns and boosted expectations for a September Federal Reserve rate hike. Oil prices climbed to multi-week highs as renewed Middle East hostilities heightened concerns over energy supply disruptions. Bitcoin fell below $79,000 as renewed geopolitical tensions pressured risk a…
The most liquid gold contract ended this Tuesday (8) in fall, pressured by the advance of the United States Treasury bonds and the escalation of oil prices. At Comex, metal division of the New York Mercantile Exchange (Nymex), the gold for December closed down by 0.84%, to US$ 4.439.00 per [...]
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