Gold extends losses to more than 3% after crucial inflation report
Gold futures fell more than 3.5% on Tuesday, dropping below $4,200 per ounce as the U.S. dollar strengthened. The decline followed a hotter-than-expected May inflation report, which raised expectations that the Federal Reserve could keep rates higher for longer or even hike again. Analysts said rising inflation and tighter monetary policy are making gold less attractive since it does not yield interest. Gold has also … Continue reading Gold extends losses to more than 3% after crucial inflation report
