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Gold prices fall more than 1% as Fed rate-hike expectations rise

Global gold prices dropped more than 1% amid stronger expectations of higher U.S. Federal Reserve interest rates. Local reporting describes a sharp decline in gold prices and foreign-exchange rates.

By DoomRadar · Published on DoomRadar .

Why it matters

A sustained gold sell-off can affect investors, currencies and wider commodity-market sentiment.

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Gold prices fall sharply after a rapid rise

Gold prices have fallen sharply after a rapid increase, with two data points expected to influence the near-term trend. The headline does not quantify the move or identify the data.

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