Gold prices fell to the lowest levels in more than three months on Thursday as Federal Reserve Chairman Jerome Powell's comments in Sintra, Portugal on...
Gold prices fell to the lowest levels in more than three months on Thursday as Federal Reserve Chairman Jerome Powell’s comments in Sintra, Portugal on Wednesday and in Madrid, Spain, on Thursday weighed on the yellow metal.
Price action Market drivers “On Wednesday, the gold outlook dimmed further as investors assessed the main message coming from this week’s Sintra conference – that more policy tightening is on the way – and decided to punish the metal further,” said Fawad Razaqzada, market analyst at City Index and Forex.com, in emailed commentary.
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