Markets Await Cues From Fed Minutes

Mayanksahu188@gmail.13 Mar, 2023Business

"Gold prices hit their highest since April 2022 early this month, but have since lost around $120 after a series of economic data revealed evidence of a strong U.S. economy and a tight labor market, fueling expectations that interest rates would stay higher for longer," according to the Bullion King. The price of gold has fallen in tandem with the broader financial markets due to concerns that the US Federal Reserve will continue to push the trigger on interest rate hikes in its effort to defeat inflation."