Gold set for its worst quarter in 13 years as dollar strengthens and Fed rate bets rise
TL;DR
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.
- Gold heads for worst quarter in 13 years on strong dollar, Fed hike bets KITCO
- Gold set for worst quarterly loss in 13 years on hawkish Fed stance CNBC
- Gold Steadies as US-Iran Peace Talks Frame Inflation Outlook Bloomberg.com
- Gold prices today, Tuesday, June 30: Hanging just above $4,000, but ready to rise? Yahoo Finance
- Gold is on the verge of a ‘death cross’ that could surprisingly foreshadow gains MarketWatch
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