Gold May Lose its Shine as Fed Chair Powell Talks Bigger Rate Hikes Amid Crude Oil Surge

Gold May Lose its Shine as Fed Chair Powell Talks Bigger Rate Hikes Amid Crude Oil Surge https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2022/03/22/Gold-May-Lose-its-Shine-as-Fed-Chair-Powell-Talks-Bigger-Rate-Hikes-Amid-Crude-Oil-Surge.html Gold rose overnight as surging oil prices helped bolster inflation expectations. However, the Fed appears increasingly likely to deliver bigger rate hikes in the near term, which may cap gold’s ups…

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DailyFX - Market News FX

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Gold May Lose its Shine as Fed Chair Powell Talks Bigger Rate Hikes Amid Crude Oil Surge

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