The US Federal Reserve unsurprisingly hiked rates again yesterday for only the second time in this cycle. While the rise was fully priced in gold nevertheless got hurt by a new wave of selling as the Fed signaled more monetary tightening than previously anticipated.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/gold-remains-under-pressure-from-dollar-and-yield-surge-8322109?utm_medium=tf4-feed&utm_source=extract
Gold remains under pressure from dollar and yield surge
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