Gold Near One-Year Low as Fed Rate Hike Expectations Grow
Gold prices saw a slight rise in early Asian trading but remain close to a one-year low. Inflation concerns are strengthening expectations of a Federal Reserve rate hike this year. Declining tech stocks have pressured gold, causing a sell-off in safe-haven assets. Buyers in major Asian markets like India and China are cautious, anticipating further price drops.
ET Markets·


