Open Demo Account
Home / Market Update / Commodities / Gold Drops to The Red Zone

Gold Drops to The Red Zone

Adel 15 March, 2022 12:31 pm Commodities, Forex Market, Market Update

Gold prices fell below $1,980 an ounce on Monday, as traders braced for an upcoming Federal Reserve interest rate hike that pushed 10-year US Treasury yields above 2%.

The US central bank is widely expected to raise interest rates by 25 basis points at the end of its two-day meeting next Wednesday, to start the tightening cycle.

Tags

Check Also

Stocks and Crypto: Riding the Market Wave Together

The interplay between US stocks and cryptocurrencies like Bitcoin has become a captivating dynamic for …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends