Gold Extends Weekly Losing Run Amid 'Hawkish' Fed Commentary – Bloomberg
Bloomberg |
Gold Extends Weekly Losing Run Amid ‘Hawkish’ Fed Commentary
Bloomberg Gold rallied to a 15-month high earlier in May on expectations that the Fed would keep rates lower for longer amid risks to the global economy, adding to the appeal of owning non-interest-bearing assets. As the likelihood of a rate move increased, the … Gold suffers biggest weekly slide in nearly two months Gold hits 3-week low as June rate hike looks more likely Gold Falls on Fears of a June Rate Increase |
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