Gold prices fell on Monday as strong US job statistics increased expectations of interest rate hikes. Market players are now focused on upcoming US inflation figures that will dictate the Federal Reserve’s policy decisions. Should inflation rise, gold prices may come under further pressure this week, with traders considering a notable likelihood of a rate hike in September. Other precious metals also saw small declines during the trading period.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.