Gold eases as steady dollar, U.S. rate-hike outlook dent appeal
Gold is sensitive to high interest rates which lift the opportunity cost of holding non-yielding bullion. Market participants are now expecting the Fed's target rate to peak at 5.132% in July, from a current range of 4.5% to 4.75%.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
