• +1 (312) 549-9986

Gold $2,931.48 $(1.42) -0.05% Silver $32.78 $(0.03) -0.09% Platinum $980.66 $(1.09) -0.11% Palladium $983.80 $4.11 0.42%

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]

Leave your comment