BUSINESSQUARTZ
The Fed just took some of the shine off gold
Spot gold prices have fallen over 3% following the Fed's June meeting, where officials indicated potential interest rate increases before year-end. The Federal Reserve's signals have reduced gold's appeal as an investment.
Related Signal
Adjacent reporting
- Gold and Silver Find No Bottom, Sliding Deeper Into the Abyss
- Deutsche Bank Cuts Gold Forecasts up to 22% as Bulls Temper View
- Gold May See Long-Term Rebound Despite War Setbacks, Banks Say
- Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets
- Gold and Silver Keep Falling as Gold Sinks Below Its Long-Term Line
- Gold Holds Decline After Bets Increase on Fed Hike This Year