Gold falls to 2-1/2-month trough, Fed rate hike in focus

04.05.2022

Gold prices fell on Tuesday to their lowest level since mid-February as investors braced for more aggressive rate hikes from the U.S. central bank that have boosted the dollar and Treasury yields and lifted the opportunity cost of holding gold. Spot gold fell 0.3% to $1,857.48 per ounce by 0942...