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Gold gains as Fed hints at pause in rate hikes

Por: CNBC Business March 23, 2023

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Gold prices advanced on Thursday after the hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet in a future low interest environment. was up 0.4% at $1,976.98 per ounce, as of 0406 GMT. gained 1.6% to $1,979.90.Traditionally considered a hedge against inflation and economic uncertainties, gold prices jumped 2% on Wednesday after the Fed raised interest rates by an expected 25 basis points, and... + full article



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