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interest rate hikes

interest rate hikes latest

Gold prices decline as dollar gains strength and investors evaluate Fed's interest rate decision
April 19th, 2023 - 08:27 GMT

Gold prices decline as US dollar gains strength

ALBAWABA - Gold prices nudged down on Wednesday as the greenback regained some strength, while traders assessed the fallout from another interest rate hike. Gold inched down in spot trading by 0.1 percent to $2,003.03 per ounce, while U.S. gold futures fell by 0.2 percent to $2,016.20. The dollar index rose by 0.1 percent, making the yellow metal more expensive for buyers of other currencies. Gold is considered a hedging ...
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