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Gold prices hit 5-mth low as U.S. rate risks boost dollar, yields

The prospect of higher U.S. interest rates bodes poorly for gold, given that it increases the opportunity cost of investing in non-yielding assets. This notion had battered the yellow metal through 2022, and is expected to keep weighing on gold until the Fed decides to begin trimming rates. Read Full Story at source (may require […] The post Gold prices hit 5-mth low as U.S. rate risks boost dollar, yields appeared first on ForexTV... Read More
Posted: Aug 17 2023, 04:59
Author Name: forextv
Views: 092120

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