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Gold hits 2½-year low as dollar stands tall

Por: CNBC Business September 26, 2022

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A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary.Akos Stiller Bloomberg Getty ImagesGold prices fell to a new 2½-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. to bring down inflation.Fundamentals was down 0.3% at $1,638.59 per ounce, as of 0053 GMT, after hitting its lowest level since April 2020... + full article



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