Gold Down, as Red-hot U.S. Inflation Data Grow Fears of Huge Interest Rate Hikes
By Zhang Mengying Investing.com – Gold was down on Thursday morning in Asia, with expectations growing that the U.S. Federal Reserve could hike interest rates more aggressively this month to fight red-hot inflation. Gold futures fell 0.41% to $1,728.35 by 12:16 AM ET (4:16 AM GMT). The dollar, which normally moves inversely Continue Reading