Gold Holds Decline as Surging Energy Costs Raise Rate-Hike Bets
Gold held a retreat as the widening conflict in the Middle East pressured energy prices and increased expectations the US Federal Reserve will tighten monetary policy to contain inflation.
By Yihui Xie · Bloomberg Markets
Gold held a retreat as the widening conflict in the Middle East pressured energy prices and increased expectations the US Federal Reserve will tighten monetary policy to contain inflation.