Spot gold sinks to a three-month low below key $1300/oz threshold – CNBC

Spot gold sinks to a three-month low below key $1300/oz threshold
CNBC
Gold is highly sensitive to rising U.S. interest rates, which lift the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. The dollar index hit a near two-week high on Tuesday. Spot gold was down 1 …
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