Gold faces worst month in nearly two years on U.S. rate-hike dread

Bullion is often seen as a hedge against inflation, but the opportunity cost of holding it rises when interest rates are increased to bring down inflation.

Gold faces worst month in nearly two years on U.S. rate-hike dread
Bullion is often seen as a hedge against inflation, but the opportunity cost of holding it rises when interest rates are increased to bring down inflation.