Gold loses shine as Fed rate hike looms – CNBC
CNBC |
Gold loses shine as Fed rate hike looms
CNBC The Federal Reserve is widely expected to hike interest rates at its next policy meeting on Dec. 13-14, weighing on gold prices as the precious metal is not an interest-yielding asset. However, the hikes are unlikely to beat inflation, said Ned Naylor … Jack Kemp’s Gold Standard Act of 1984 Shows Us How It’s Done Gold Falls After Strong US Data PRECIOUS-Gold hits 10-month low after biggest monthly drop in 3 years |
