Gold Hits 5-wk Low on Fed’s Hawkish Note

Gold Hits 5-wk Low on Fed's Hawkish Note

Gold Silver Reports — Gold Hits 5-wk Low on Fed’s Hawkish Note — Gold slid to a near five-week low after comments from top Federal Reserve officials fuelled speculation that US interest rates would rise sooner rather than later, boosting the dollar. Spot gold touched its lowest since July 26 at $1,314.70, and was down 0.1% at $1,319.80 an ounce at 1345 GMT. — Neal Bhai Reports

Gold Hits 5-wk Low on Fed’s Hawkish Note

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