Gold Prices Hit by Renewed Bets on Higher Yields and Stronger Dollar


Inflation retains surging to multiyear highs, but gold can’t catch a break.Essentially the most actively traded gold futures contract has fallen $79.90, or 4.4%, to $1,727.40 troy ounce in July, on tempo for its fourth consecutive month of decline. That will be the longest dropping streak for gold since November 2020, after recent indicators of accelerating inflation spurred bets that the Federal Reserve will act aggressively to tame inflation. 

Many anticipate gold to bolster their portfolios towards inflation, but it surely has fallen 5.5% this 12 months. The S&P 500 is off about 17% in 2022.  


Please enter your comment!
Please enter your name here

Share post:




More like this

How Amazon orders get to your door as shoppers gear up for Cyber Monday

How Amazon orders get to your door as...

Married GMA Co-Hosts Amy Robach & T.J. Holmes In Months-Long Affair! Caught On Video!

If you happen to’ve ever been watching a...

Use of drugs for weight loss causes shortage

Use of medication for weight reduction causes scarcity...

Lindsey Graham Is Teaming Up With Elizabeth Warren To Regulate Twitter, Apple, Google, And Facebook

Sen. Lindsey Graham introduced that he's working with...