scorecardresearchGold Struggles as Fed Fears Swirl Before Powell’s Decision Day

Gold Struggles as Fed Fears Swirl Before Powell’s Decision Day

Updated: 19 Sep 2022, 11:43 AM IST
TL;DR.
Bullion has slumped over the past month in the face of the dollar’s relentless gains, and the Fed’s rate-hike decision on Wednesday will be key for what happens next. A bigger-than-expected increase could fuel the greenback’s rally and further erode the appeal of an asset that offers no interest.
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