Reported about 3 hours ago
Gold prices fell nearly 2% to below $2,700 per ounce as traders focused on the Federal Reserve’s upcoming interest rate decision, ignoring a weaker US dollar. Despite a recent surge and a year-to-date increase of over 25%, higher borrowing costs are expected to weigh on gold, particularly with the Fed’s less dovish outlook. As investors await critical data for insights on monetary policy, the geopolitical landscape, including tensions from the Russia-Ukraine war, continues to influence gold's price behavior.
Source: YAHOO