Gold Price Prediction – Gold Prices Face Losses for the Week on Bets of Aggressive Fed Rate Hikes

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Middle East
  • Date: 14-May-2022
  • Source: Yahoo News
  • Sector: Economy
  • Country: Middle East
  • Who else needs to know?

Gold Price Prediction – Gold Prices Face Losses for the Week on Bets of Aggressive Fed Rate Hikes

Gold prices continued to decline as yields extended gains.

Investors placed bets on the size of upcoming rate hikes.

Treasury yields soared as equities rallied.

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