Hawkish Fed Keeps Pressure on Gold Though Prices Halt Their Slide

2023-10-10

TSXV - TSX Venture Exchange · Scandium · Rare Earth Elements · Gold · Canada

Expectations that the U.S. Federal Reserve will keep benchmark interest rates in the country higher are putting increased pressureon gold prices. Although gold prices stopped their decline last week, pressure from a hawkish Fedhas kept prices at a seven-month low as investor interest in the precious metal reduced.

Spot gold prices went up by only 0.1% to $1,824.79 an ounce at noon last Wednesday, ending a seven-day decline that had seen gold prices drop by...

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Hawkish Fed Keeps Pressure on Gold Though Prices Halt Their Slide

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Earlier from Scandium Canada Ltd.