Gold trades flat as imminent interest rate hikes fend off investors
Updated: 05 Jul 2022, 09:25 AM IST
TL;DR.Gold's inflation-hedge appeal is tarnished by a softer inflation outlook, with looming global rate hikes also dimming the outlook for the non-yielding asset, said Stephen Innes, managing partner at SPI Asset Management.
FILE PHOTO: Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma