Bullion hits bottom, US interest rate hike blamed

16.09.2022

Gold prices slipped to a two-week low on Thursday, as a stronger U.S. dollar and expectations of big interest rate hikes from the Federal Reserve diminished the metal's appeal.

Spot gold was down 0.3% at $1,691.63 per ounce, as of 0312 GMT, after touching its lowest since Sept. 1 at $1,689.78...