Gold climbs as traders square positions after Fed hike
Gold prices rose nearly two percent from a six-week low as investors adjusted positions following the Federal Reserve rate hike. A weaker dollar and lower oil prices also supported bullion demand amid ongoing geopolitical tensions.
Xurve View
Insights:
Xurve View
Gold climbed 1.8% to $4,339.53 per ounce on Thursday morning, rebounding from a near-six-week low after the Federal Reserve's first rate hike in three years. The move followed a retreat in the United States dollar and declining energy markets.
