Gold Holds Losses as Iran Impasse Keeps Rate Hike Bets High

Gold held a decline as a lack of progress in reopening the Strait of Hormuz continued to fuel concerns over inflation and increase bets that global central banks may hike...

By Yihui Xie · Bloomberg Markets

Gold held a decline as a lack of progress in reopening the Strait of Hormuz continued to fuel concerns over inflation and increase bets that global central banks may hike interest rates.