Gold Down on US Rate Hike Expectation

Posted By: Religare
Subscribe to GoodReturns

Gold futures closed lower in the international market on Wednesday pressured by rising U.S. interest-rate hike expectations.

Gold Down on US Rate Hike Expectation

Prices briefly climbed, then eased back after minutes from the Federal Reserve's May policy meeting appeared to show that the majority of the central bank's officials remain resolute about hiking rates at their meeting in June, which is widely expected.

Dion Global Solutions

Read more about: gold, dollar
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

Get Latest News alerts from Goodreturns