Gold futures on Monday head sharply lower as investors watch the third week of the invasion of Ukraine by Russia and awaited a crucial Fed decision.
Futures for gold on Monday were headed sharply lower as investors watched the third week of the invasion of Ukraine by Russia and awaited what is expected to be the first rate increase of benchmark interest rates by the Federal Reserve.
The... Futures for gold on Monday were headed sharply lower as investors watched the third week of the invasion of Ukraine by Russia and awaited what is expected to be the first rate increase of benchmark interest rates by the Federal Reserve. The decline for bullion comes as investors tentatively bought stocks rather than assets perceived as havens such as gold and U.S. Treasurys, with the 10-year note TMUBMUSD10Y yielding around 2.08%, near its highest since July of 2019.
The Eastern European conflict come as the Fed is widely expected to deliver a quarter-point increase to the benchmark fed-funds rate when it concludes a two-day policy meeting on Wednesday.
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