Gold holds ground after 3% drop on Warsh's hawkish stance
· economictimes.indiatimes.com
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this week will offer additional economic clarity. Other precious metals also experienced slight fluctuations.
Synopsis
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on th...