Fhumu_Netshitungulu

Fhumu_Netshitungulu

Gold seems poised to break below $1,600 amid Fed rate hike jitters Gold edges higher during the Asian session on Tuesday and recovers a part of the previous day's slide to the lowest level since April 2020. The US dollar eases from a new two-decade high hit on Monday and turns out to be a key factor offering some support to the dollar-denominated commodity.

Fhumu_Netshitungulu

Gold seems poised to break below $1,600 amid Fed rate hike jitters Gold edges higher during the Asian session on Tuesday and recovers a part of the previous day's slide to the lowest level since April 2020. The US dollar eases from a new two-decade high hit on Monday and turns out to be a key factor offering some support to the dollar-denominated commodity.

Fhumu_Netshitungulu

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....