Gold up, but headed for worst month in seven on U.S. rate hike bets
Written by Black Hot Fire Network on April 29, 2022
A gold bar is wrapped in a financial newspaper.
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Gold rose on Friday as worrying U.S. economic data rekindled some interest in the safe-haven metal, but was likely to log its biggest monthly drop since September on bets for aggressive interest rate hikes by the Federal Reserve.
Spot gold was up 0.3% at $1,899.00 per ounce, as of 0247 GMT, but had lost about 2% so . . .
