Gold Tumbles Near $4,340 as Fed Rate Hike Bets Gain Momentum
The gold price has slipped to near $4,340 due to bets on an impending interest rate hike by the Federal Reserve. This move is expected to strengthen the US dollar and potentially weaken gold prices.
The current market sentiment is a key factor in this decline, as investors are shifting their focus towards the potential impact of the Fed's decision on the global economy.