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Gold $3,368.44 $(2.97) -0.09% Silver $35.95 $(0.46) -1.26% Platinum $1,262.99 $(36.54) -2.81% Palladium $1,042.84 $(3.75) -0.36%

Gold drops to more than 3-month low as traders await Powell

Gold drops to more than 3-month low as traders await Powell

June 28 (Reuters) - Gold prices slipped to a more than three-month low on Wednesday after upbeat U.S. economic data cemented expectations of more rate hikes this year as investors positioned for a speech by Federal Reserve Chair Jerome Powell’s later in the day.

Spot gold fell 0.4% to $1,906.49 per ounce by 1148 GMT, hitting its lowest since mid-March earlier in the session. U.S. gold futures shed 0.4% to $1,915.50...[LINK]

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