Forex
Gold Prices Slide as Fed Policy Tightening Fears Weigh In
Gold prices have dropped by 1.26% to $4,352 as investors weigh in on potential Federal Reserve policy tightening.
The metal remains below its key moving averages amid increased selling pressure and bearish momentum across multiple timeframes.
Rising oil prices and uncertainty surrounding U.S. inflation data and Federal Reserve policy have contributed to market volatility and heightened geopolitical tensions, supporting gold's role as a safe-haven asset.