Gold Scalped Again by US Yields as Fed Lays Out Taper, Rate Hike Plan By Investing.com – Investing.com
- Date: 24-Sep-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Gold Scalped Again by US Yields as Fed Lays Out Taper, Rate Hike Plan By Investing.com – Investing.com
By Barani Krishnan
Investing.com - Gold prices fell below $1,750 an ounce on Thursday, scalped by the scythe of U.S. bond yields after the Federal Reserve said it will likely end its pandemic-related stimulus support for the American economy by mid-2022 and embark on a rate hike from end of next year.
U.S. gold futures’ most active contract, , settled down $29, or 1.6%, at $1,749.80 per ounce on New York’s Comex, after a session low at $1,745.95.
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