Commodities
Gold Price Plunges Below $4,300 on US Rate Hike Fears
The gold price today has fallen below $4,300 as investors flock to safer assets amid rising expectations of a US Federal Reserve rate hike. The XAU/USD, which tracks the value of gold in US dollars, declined in response to increased bets on higher interest rates.
Market analysts attribute the decline to the growing likelihood of a Fed rate hike, which would lift yields and make riskier assets like gold less attractive to investors seeking returns.