Gold set for its worst quarter in 13 years as dollar strengthens and Fed rate bets rise

1 min read
Source: KITCO
Gold set for its worst quarter in 13 years as dollar strengthens and Fed rate bets rise
Photo: KITCO
TL;DR Summary

Gold edged up to about $4,031/oz but is on track for its worst quarterly performance since Q2 2013 as a firmer dollar and expectations of U.S. rate hikes weigh on non-yielding bullion; it would need a break above $4,100 to suggest a bottom, with the metal down more than 11% in June and broader weakness across precious metals.

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