💨 Abstract

Investors assessed the Federal Reserve officials’ decision to flag further interest rate hikes ahead of a consumer inflation print later this week. Spot gold was down 0.1% at $1,922.76 per ounce by 0525 GMT, while U.S. gold futures fell 0.2% to $1,942.30. Higher interest rates discourage purchases of non-interest-paying bullion, priced in dollars.

Courtesy: theprint.in