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Gold has a strong price decline as near certain rate-hike increases dollar index value to one-year high
Gold retreated on Tuesday as the U.S. dollar climbed to its strongest level in more than a year, lifting the cost of bullion for buyers holding other currencies and reminding the market that, for now, the path of Federal Reserve policy is doing far more to move metals than events overseas. That shift in focus is exactly what traders are talking about. "Right now gold and silver aren't really looking to the Middle East. I think they're more looking closely at what the Federal Reserve said last week," noted Bob Haberkorn, senior market strategist at StoneX. The "something" the Fed said carried a distinctly hawkish ... (full story)
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From kitco.com|5 hr agoSpot gold and silver prices are sharply lower after the close Tuesday, as the U.S. dollar held near its strongest levels of the year, post-Fed rate-hike risk stayed in place and ...
From canadianminingjournal.com|6 hr agoGoldman Sachs has slashed its gold price forecast by $500 an ounce to reflect the increased likelihood that the US Federal Reserve will raise rather than cut interest rates this ...
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- Jun 23, 7:15pm | 5 hr ago Posted byFundamental Analysis70
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