scorecardresearchGold Set for Fourth Weekly Gain on Signs Fed to Ease Rate Hikes

Gold Set for Fourth Weekly Gain on Signs Fed to Ease Rate Hikes

Updated: 12 Aug 2022, 08:40 AM IST
TL;DR.
Gold headed for a fourth weekly gain -- the longest winning streak in almost a year -- as cooling inflation in the US suggested rate hikes might not be as aggressive as anticipated.
FILE PHOTO: Gold bullion is displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su

FILE PHOTO: Gold bullion is displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su