Bullion hits bottom as US resumes interest rate hikes

04.11.2022

Gold prices fell to a near two-week low on Thursday, as the dollar and U.S. bond yields climbed after Federal Reserve Chair Jerome Powell indicated the central bank will stick with raising rates to tame inflation.

Spot gold fell 0.9% to $1,620.19 per ounce by 1024 GMT, while U.S. gold futures...