Dollar and yields hit gold
Gold is selling off sharply as rising expectations of Federal Reserve rate hikes lift the US dollar and Treasury yields, raising the opportunity cost of holding the metal.
Sources: https://news.futunn.com/en/post/1000267497/rising-expectations-of-federal-reserve-rate-hikes-combined-with-a, https://seekingalpha.com/news/gold-resilience-tested-as-yield-surge-
Sources
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