scorecardresearchRate hikes may make gold less attractive in near term

Rate hikes may make gold less attractive in near term

Updated: 04 May 2022, 03:33 PM IST
TL;DR.
  • The International Monetary Fund (IMF) has reduced the global growth rate to 3.6 percent from 4 percent previously forecasted, which is cooling off crude oil prices and putting pressure on gold prices.
The prospect of a US interest rate hike dampens safe-haven appeal as an inflation hedge.

The prospect of a US interest rate hike dampens safe-haven appeal as an inflation hedge.