Gold Slumps as Dollar Advances on Fed Rate-Hike Expectations
Gold prices fell Tuesday, erasing Monday’s gains, as expectations for higher near-term U.S. interest rates increased after Federal Reserve officials’ comments.
WASHINGTON (dpa-AFX) - Completely erasing the gains from Monday' session, gold prices have tumbled on Tuesday amid rising expectations of a higher interest rate regime in the U.S. in the near-term following comments from senior officials of the U.S. Federal Reserve on the necessity to combat price…