Gold prices fluctuate on market reassessment of Fed's interest rate path.
TL;DR
Gold prices fell over 1% due to higher US yields and the dollar, as some investors bet that a pause to the Federal Reserve's rate hike may take longer than previously thought. The correction was due to the markets readjusting expectations of the Fed's rate-hike path. Higher interest rates dim the non-yielding bullion's appeal.
- Gold stumbles on higher yields as market reassess Fed path CNBC
- Gold stumbles on higher yields on market reassessment of Fed path Reuters
- Gold has found support above $2000 aided by the belief the Fed will pause hikes soon Kitco NEWS
- Gold rebounds above $2,000 as dollar, yields retreat CNBC
- Gold Price Forecast: XAU Prices Decline on U.S. Dollar’s Recovery Amid Rate Hike Speculation FX Empire
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