Gold slips as oil gains and Fed officials signal higher rates
Spot gold fell 1.1% to $4,295.62/oz by 0832 GMT as oil ticked up and Fed policymakers’ hawkish signals reinforced “higher for longer” expectations.
Gold prices eased on Tuesday as a modest rise in oil prices and hawkish signals from Federal Reserve policymakers reinforced expectations that interest rates will stay higher for longer. 62 per ounce by 0832 GMT. US gold futures TVC:GOLD fell.