Gold Hits 4,361.9 USD as Fed Rate Outlook Pressures Bullion
Spot gold hovers near $4,345 as Fed officials’ warnings of further rate hikes continue to weigh on bullion, despite a slight uptick in COMEX prices and silver gains. Market focus remains on the interplay between elevated US yields, crude oil trends, and potential geopolitical developments involving US-Iran talks.
CNBC TV18 reports that COMEX gold has climbed to $4,391.30 while silver edges up to $66.80, yet the rally remains capped by hawkish signals from St. Louis Fed President Alberto Musalem, who suggested additional rate hikes may be necessary to combat inflationary pressures from commodity shocks.
Source: CNBC TV18Spot gold rose to 4,361.9 USD on September 22 while US Treasury yields held near 5%. Stock gains and falling oil prices reduced safe-haven demand.
Source: Laodong.vn
