Gold gains on expectations of slower rate hikes

Share

Gold prices rose 1% on Tuesday, helped by a retreat in the dollar and expectations of less drastic interest rate hikes from the US Federal Reserve.

Spot gold rose 0.6% to $1,751.21 an ounce, while gold futures closed up 0.5% to $1,748.4 an ounce.

The dollar was mostly flat while 10-year Treasury yields retreated from intraday highs.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *