Gold Up in Response to Hawkish Fed Pivot By Investing.com – Investing.com
- Date: 16-Dec-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Gold Up in Response to Hawkish Fed Pivot By Investing.com – Investing.com
By Gina Lee
Investing.com – Gold was up on Thursday morning in Asia, with the dollar weakening after the announced that it would quicken its asset tapering and hike interest rates in its latest policy decision.
were up 1.00% to $1,782.15 by 11:25 PM ET (4:25 AM GMT). The , which normally moves inversely to gold, edged down on Thursday.
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