Bears keep dominating bullion markets on US attempts to constrain inflation

03.05.2022

Gold prices slipped 1% toward 2-1/2-month lows on Monday as investors braced for a large interest rate hike by the U.S. Federal Reserve, as it seeks to contain soaring inflation, denting the zero-yield bullion's appeal.

Spot gold fell 0.9% to $1,880.01 per ounce by 1000 GMT, hovering near last week's low...