The gold price fell to new 3-month lows against the Dollar and all major currencies on Thursday after the Federal Reserve held its key interest rate unchanged but hiked its end-2023 forecast by half-a-point
GOLD PRICES fell and then bounced Monday as the US Dollar, bond yields and stock markets rose together, leaving bullion to fix around the lowest in 2 weeks at London s afternoon benchmarking auction as all eyes turned to this week s US Federal Reserve decision and forecasts for interest rates.
Gold and silver prices spiked down only to rally straight back Friday after new US jobs data badly missed analyst forecasts but real interest rates held at multi-month highs following the Fed s move to tighten policy faster as inflation jumps