BusinessGold Falls Over 2% Amid US Rate-Hike and Inflation Concerns
Gold prices dropped more than 2% on Monday due to rising oil prices, which increased inflation worries and strengthened expectations of further Federal Reserve interest rate hikes. Spot gold fell 2.7% to $4,171.85 per ounce, its lowest since early August. US gold futures also declined 2.7% to $4,204.30. The Fed recently raised rates, and traders expect another hike in October.
HT Business·6h ago




