Gold Slump Holds as Fed Chair Douses Hopes for December Rate Cut
Gold edged higher after four days of losses, with traders scaling back bets on more Federal Reserve easing after Chair Jerome Powell downplayed the likelihood of a December interest-rate cut.
By Sybilla Gross · Bloomberg Markets
Gold edged higher after four days of losses, with traders scaling back bets on more Federal Reserve easing after Chair Jerome Powell downplayed the likelihood of a December interest-rate cut.