• +1 (312) 549-9986

Gold $3,309.73 $6.9 0.21% Silver $36.11 $0.03 0.07% Platinum $1,363.01 $9.96 0.74% Palladium $1,105.61 $4.11 0.37%

Gold hovers below key $2,000 mark as markets tone down rate-cut bets

Gold hovers below key $2,000 mark as markets tone down rate-cut bets

Feb 14 (Reuters) - Gold prices extended declines on Wednesday, languishing below the key $2,000-per-ounce mark, pressured by a stronger-than-expected U.S. inflation report that caused investors to pull back on bets of rate cuts by the Federal Reserve.
 
Spot gold fell 0.1% to $1,991.10 per ounce as of 1130 GMT — its lowest since Dec. 13. Bullion fell about 1.4% on Tuesday, its biggest daily loss since Dec. 4...[LINK]
Leave your comment