Gold Hits Two-Week Low on Rate Hike Remarks
13 Articles
13 Articles
Gold declined to the lowest level about two weeks ago, influenced by Kevin Warch's hints at the possibility of raising American interest, at a time when tensions in the Middle East have reinforced inflation concerns.
Today, the price of gold fell to the lowest level nearly two weeks after the tip of the President of the Federal Reserve Council.
Key takeaways Under the influence of the Federal Reserve’s ‘aggressive tone’, gold prices plummeted to their lowest point in nearly fourteen days. The decline followed remarks by Fed Chairman Kevin Warsh, who suggested that further interest rate hikes might be necessary to combat persistent inflationary pressure. At 11:49 a.m., the spot price of gold stood […]
At 13:43 on August 31, Vietnam time, spot gold fell 0.3 percent to $4,439.31 per ounce, after hitting its lowest level since Aug. 19. World gold prices fall more than 3%, pressured by Fed's rate hike signal Gold prices are sideways, markets hold their breath waiting for Fed President's speech Domestic gold prices continue to fall, SJC trades around 149.7 million VND
Gold Hits Two-Week Low on Rate Hike Remarks
Gold prices fell to their lowest level in nearly two weeks on Monday after Federal Reserve Chair Kevin Warsh indicated that higher interest rates may be necessary to ease price pressures, while escalating tensions in the Middle East fueled inflation concerns.
Today, on Monday, gold prices fell to their lowest levels about two weeks ago, influenced by statements by the US Federal Reserve Chairman, Kevin Worch, in which he suggested that interest rates might need to be raised to reduce inflationary pressures. Gold in immediate transactions fell by 0.8 per cent, reaching $4417.04 per ounce by 4:06 GMT, with weaker registration [...].
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