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Gold claws back some ground as dollar eases

Por: CNBC Business February 16, 2023

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Gold prices regained some ground on Thursday as the U.S. dollar pulled back, although prospects of more interest rate hikes by the Federal Reserve kept investors on edge. was up 0.3% at $1,840.94 per ounce, as of 0333 GMT, after hitting its lowest level since early January on Wednesday.  rose 0.3% to $1,850.20.Higher interest rates discourage investment in non-yielding gold, although it is considered a hedge against soaring prices.Though the... + full article



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