✉news WorldWorld first seen 3 h ago, last 3 h ago, peak #32
Gold falls more than 2% on US rate-hike bets
Original: Gold drops more than 2% on US rate-hike bets
Gold prices fell more than 2% as investors bet the US Federal Reserve will raise interest rates. Higher rates boost bond yields and the dollar, making non-yielding bullion less attractive to buyers. The drop marked one of the sharper daily declines for the metal, with traders watching upcoming Fed signals for direction.
Why now: Investors are reacting to expectations of upcoming US interest rate hikes pressuring gold prices.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/210851