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Gold Prices Increase as Concerns Over Fed Support Cut Decline

Al-Mayadeen   Source: Al-Mayadeen    2021-08-12 11:46    0 Shares
2 min read

Gold prices have increased 0.1% in spot trading to $1753.90 per ounce, and gold is considered a hedge against inflation. However, the yellow metal is extremely susceptible to increasing US interest rates, which increases the opportunity cost of acquiring gold.

Gold rises as concerns recede over Fed cut support
Gold rises as concerns recede over Fed cut support
United StateseconomyGold prices
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