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Gold slides as Fed rate hike bets boost dollar and Treasury yields

Gold prices decline 0.5% as dollar edges higher and rate expectations persist

Spot gold fell to $4,320.19/oz with the dollar index climbing to 100.50. St. Louis Fed President Alberto Musalem reinforced tightening expectations, telling Reuters the Fed may need to raise rates promptly to prevent inflation from remaining substantially above its 2% target.

Gold prices decline 0.5% as dollar edges higher and rate expectations persist
Yahoo Finance

“A stronger dollar generally makes gold more expensive for buyers using other currencies, potentially reducing demand.”

Yahoo Finance, Financial analyst · rss ↗

Federal Reserve Central bankKevin WarshKevin Warsh Federal Reserve ChairAustan GoolsbeeAustan Goolsbee Chicago Federal Reserve PresidentAlberto Musalem St. Louis Federal Reserve President

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Peak 5 pieces in 3h at Sep 23, 6 AM; 18 pieces over 10 days (18 articles) Sep 16, 9 PM — 1 piece · 1 article — Newswires 1Sep 17, 12 AM — quietSep 17, 3 AM — quietSep 17, 6 AM — quietSep 17, 9 AM — quietSep 17, 12 PM — quietSep 17, 3 PM — quietSep 17, 6 PM — quietSep 17, 9 PM — quietSep 18, 12 AM — quietSep 18, 3 AM — quietSep 18, 6 AM — quietSep 18, 9 AM — quietSep 18, 12 PM — quietSep 18, 3 PM — quietSep 18, 6 PM — quietSep 18, 9 PM — quietSep 19, 12 AM — quietSep 19, 3 AM — quietSep 19, 6 AM — quietSep 19, 9 AM — quietSep 19, 12 PM — quietSep 19, 3 PM — quietSep 19, 6 PM — quietSep 19, 9 PM — quietSep 20, 12 AM — quietSep 20, 3 AM — quietSep 20, 6 AM — quietSep 20, 9 AM — quietSep 20, 12 PM — quietSep 20, 3 PM — quietSep 20, 6 PM — quietSep 20, 9 PM — quietSep 21, 12 AM — quietSep 21, 3 AM — quietSep 21, 6 AM — 2 pieces · 2 articles — Google News 1, Newswires 1Sep 21, 9 AM — 1 piece · 1 article — Newswires 1Sep 21, 12 PM — quietSep 21, 3 PM — quietSep 21, 6 PM — quietSep 21, 9 PM — quietSep 22, 12 AM — quietSep 22, 3 AM — 3 pieces · 3 articles — Google News 2, Newswires 1Sep 22, 6 AM — quietSep 22, 9 AM — quietSep 22, 12 PM — 1 piece · 1 article — Newswires 1Sep 22, 3 PM — quietSep 22, 6 PM — quietSep 22, 9 PM — quietSep 23, 12 AM — quietSep 23, 3 AM — quietSep 23, 6 AM — 5 pieces · 5 articles — Google News 5Sep 23, 9 AM — 4 pieces · 4 articles — Google News 4Sep 23, 12 PM — quietSep 23, 3 PM — 1 piece · 1 article — Newswires 1Sep 23, 6 PM — quietSep 23, 9 PM — quietSep 24, 12 AM — quietSep 24, 3 AM — quietSep 24, 6 AM — quietSep 24, 9 AM — quietSep 24, 12 PM — quietSep 24, 3 PM — quietSep 24, 6 PM — quietSep 24, 9 PM — quietYesterday, 12 AM — quietYesterday, 3 AM — quietYesterday, 6 AM — quietYesterday, 9 AM — quietYesterday, 12 PM — quietYesterday, 3 PM — quietYesterday, 6 PM — quietYesterday, 9 PM — quietToday, 12 AM — quietToday, 3 AM — quietToday, 6 AM — quietToday, 9 AM — quiet 1234–56
Sep 17Sep 18Sep 19Sep 20Sep 21Sep 22Sep 23Sep 24yesterdaynow · 10:32 AM ET

What was reported 1 claim about this development

  1. first by Yahoo Finance, 4d ago

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