Precious Metals Fall on Fed Hawkishness


Last week, gold fell amid hawkish Fed comments while mixed employment news caused uncertainty among investors regarding the Fed’s next move. This week’s calendar of economic events was dominated by Fed speaking events. Nost notably, Fed Chair Jerome Powell was scheduled for two different engagements set for Wednesday and Thursday. Throughout this week, markets were driven by rate hike sentiment, as investors sought clarity on monetary policy.

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