Gold Falls 1% After Hawkish Fed Remarks Ahead of US Inflation Data
Spot gold was down 1.5% to $4… after a Fed official said aggressive monetary policy may be needed if inflation continues to rise.
By Sherin SansGold prices fell more than 1% on Tuesday after hawkish remarks from a US Federal Reserve official, who said aggressive monetary policy may be needed if inflation continues to rise, weighed on bullion ahead of the release of US consumer price data.Spot gold TVC:GOLD was down 1.5% to $4…