Gold eases as steady dollar, U.S. rate-hike outlook dent appeal

Gold is sensitive to high interest rates which lift the opportunity cost of holding non-yielding bullion. Market participants are now expecting the Fed's target rate to peak at 5.132% in July, from a current range of 4.5% to 4.75%.

Gold eases as steady dollar, U.S. rate-hike outlook dent appeal
Gold is sensitive to high interest rates which lift the opportunity cost of holding non-yielding bullion. Market participants are now expecting the Fed's target rate to peak at 5.132% in July, from a current range of 4.5% to 4.75%.