Gold prices climbed higher on Thursday amid expectations the dollar will likely lose ground in coming days after Fed Chair Jerome Powell hinted at a slowdown in the pace of rate hikes at future meetings.
After announcing another 75-bps rate hike at the end of a two-day policy meeting, Powell said the next move will depend on incoming data.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com