Gold hits seven-week low as rate hike expectations rise – CNBC
CNBC |
Gold hits seven-week low as rate hike expectations rise
CNBC Gold touched its lowest price level in seven weeks on Tuesday after strong U.S. economic data reinforced expectations of another interest rate rise in the United States this year and pushed the dollar and U.S. bond yields higher. The CME’s Fedwatch … PRECIOUS-Stronger dollar pushes gold to 7-week low Gold settles at a nearly 2-month low as dollar, equities strengthen Strong Dollar Takes Gold Below Critical Support |
