Gold falls to 10-week low on lofty dollar, imminent U.S. rate hike
Written by Black Hot Fire Network on April 28, 2022
Gold bar and coins.
Gazimal | The Image Bank | Getty Images
Gold prices fell to a 10-week low on Thursday, as an elevated U.S. dollar hurt demand for greenback-priced bullion, while an impending Federal Reserve interest rate hike also dented the metal's appeal as an inflation hedge.
Spot gold was down 0.5% at $1,877.18 per ounce, as of 0519 GMT, its lowest since Feb. 16. U.S. gold futures . . .
