Gold Gains Limited by Fed Hike Bets and Strong USD
Gold prices remain steady but gains are capped due to expectations of Federal Reserve interest rate hikes, elevated bond yields, and a strong US dollar. Recent market movements include gold hitting a 7-week low amid rising oil prices, which fuel inflation fears and rate hike bets. Silver and gold ETFs have also tumbled up to 3.6%, with gold declining by Rs 2,600 to Rs 1.5 lakh per 10 grams and silver falling Rs 5,000 to Rs 2.32 lakh per kilogram in India.
FXStreet·6h ago




