- Analytics
- News and Tools
- Market News
- Gold declined amid expectations for a Fed rate hike
Gold declined amid expectations for a Fed rate hike
Gold fell to $1,171.40 (-0.12%) amid speculation that the Federal Reserve can still raise rates by the end of this year. Last week bullion rose to a 3-1/2-month high as investors thought that weakness of the global economy will prevent the central bank of the U.S. from raising rates. However recent upbeat data on the U.S. economy raised the question of a probability of a rate hike one more time.
Investors are also waiting for London Bullion Market Association's gold price forecast.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
