Gold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now anticipates U.S. interest rate hikes to combat inflation. This outlook, coupled with a strengthening dollar, is weighing heavily on the precious metal. Investors are keenly awaiting upcoming U.S. employment data for further clues on the Federal Reserve's next move.
Gold prices tumbled over 1% on Tuesday, positioning for a fourth consecutive monthly decline. This downturn is primarily fueled by market expectations of aggressive U.S. interest rate hikes aimed at curbing inflation. A strengthening U.S. dollar further contributes to the…
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