Gold bulls can't shake Fed woes as values plunge
Traders still betting on a rate increase by year's end
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
GOLD bulls can't shake the spectre of higher US interest rates as Federal Reserve policymakers gather this week.
Prices are trading near a one-month low, investors are dumping holdings through exchange-traded products, and the metal's volatility is rebounding. A resilient US job market and dollar strength are adding to gold's woes, spurring money managers to cut their bets on a rally by more than a third.
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