scorecardresearchGold set to fall for fifth consecutive month amid US rate-hike prospects

Gold set to fall for fifth consecutive month amid US rate-hike prospects

Updated: 31 Aug 2022, 12:06 PM IST
TL;DR.
Spot gold was flat at $1,724.18 per ounce, as of 0541 GMT, trading close to a one-month trough hit on Monday. Bullion has lost 2.3% so far in August.
FILE PHOTO: Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma

FILE PHOTO: Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma