Gold bulls can't shake Fed woes as values plunge
Traders still betting on a rate increase by year's end
Add BT as a preferred source
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
