Gold hits 2-month low as Fed rates seen higher for longer
By Seher Dareen (Reuters) – Gold prices slipped to their lowest in about two months on Thursday, after a drop in U.S. weekly jobless claims numbers favoured the Federal Reserve’s stance that interest rates would have to go higher to control inflation. Spot gold was down 0.1% at $1,823.16 per ounce by 2:16 p.m. ET …
Gold hits 2-month low as Fed rates seen higher for longer Read More »