Daily Market Updates: Gold sinks to over two-month low as higher-for-longer interest rate expectations weigh

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Gold sinks to over two-month low as higher-for-longer interest rate expectations weigh

Reported · Written up by our desk · Major Pairs

Gold (XAU/USD) struggles below $4,100 on Thursday as the US Dollar (USD) rebounds, while energy-driven inflation concerns from Middle East tensions reinforce expectations that interest rates will remain elevated longer.

Latest closeGold $4,156.50 ▼0.1%

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FXStreetGold sinks to over two-month low as higher-for-longer interest rate expectations weigh

Forex

Gold sinks to over two-month low as higher-for-longer interest rate expectations weigh

More like this

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