News > Gold price slips as US yields firm; traders await Fed rate hike clues
Gold price slips as US yields firm; traders await Fed rate hike clues
Business Standard | 18/01/2022 05:28 PM | Click to read full article
Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve's interest rate hike timeline from its policy meeting next week.
Global investor attention remains fixed on the Fed's Jan. 25-26 meeting after central bank officials signalled they would start raising interest rates in March to tame inflation, which rose 7% last month from a year earlier - the fastest pace in nearly 40 years.