scorecardresearchGold Ticks Higher on Signs Fed Will Slow Pace of Rate Increases

Gold Ticks Higher on Signs Fed Will Slow Pace of Rate Increases

Updated: 28 Jul 2022, 07:46 AM IST
TL;DR.
Gold rose for a second day after the Federal Reserve signaled that it may slow the pace of interest rate increases, a move that hurt the dollar and pushed Treasury yields lower.
FILE PHOTO: A woman looks at gold jewelleries as she stands outside a jewellery shop in Istanbul, Turkey December 20, 2021. REUTERS/Dilara Senkaya

FILE PHOTO: A woman looks at gold jewelleries as she stands outside a jewellery shop in Istanbul, Turkey December 20, 2021. REUTERS/Dilara Senkaya