Gold to End Volatile Week Higher as Fedspeak Trims Rate-Hike Bet
Gold prices ended a volatile week on an upward trajectory, gaining more than 2% on Thursday as Federal Reserve commentary on inflation reduced market expectations for near-term interest rate increases. A Fed official's dovish remarks helped ease recession concerns and supported gold's appeal as investors reassessed monetary policy expectations.
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Gold to End Volatile Week Higher as Fedspeak Trims Rate-Hike Bet
Gold prices ended a volatile week on an upward trajectory, gaining more than 2% on Thursday as Federal Reserve commentary on inflation reduced market expectations for near-term interest rate increases. A Fed official's dovish remarks helped ease recession concerns and supported gold's appeal as investors reassessed monetary policy expectations.
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