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Gold prices tumbled below $4,200 an ounce on Monday, falling as much as 4% to their lowest level since early August, as the 10-year Treasury yield hit…
Gold (XAU/USD) price registers solid gains of over 1.30% on Tuesday despite hawkish rhetoric from Federal Reserve (Fed) officials, after hitting a multi-week low near $4,110 on Monday. The XAU/USD pair trades at $4,170 after bouncing off daily lows of $4,113.
Gold and silver ETFs fell sharply on Monday, tracking a global sell-off in precious metals as rising crude oil prices fuelled inflation concerns and strengthened expectations of further US Federal Reserve rate hikes.