Gold futures retreated on Thursday and headed toward their lowest settlement level for a most-active contract since March as following a wave of...
Gold futures retreated on Thursday and headed toward their lowest settlement level for a most-active contract since March following a wave of interest-rate hikes from global central banks.
The... Gold futures retreated on Thursday and headed toward their lowest settlement level for a most-active contract since March following a wave of interest-rate hikes from global central banks. The Bank of England delivered a surprise 50 basis point rate hike, which was larger than economists had anticipated as the central bank struggles to tame the highest inflation in the G-7. Central banks in Switzerland and Norway also increased rates, as did Turkey’s central bank, which delivered a sizable hike of its own.
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