Gold firms, focus shifts to Fed meeting minutes
Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates increase the opportunity cost of holding gold as it pays no interest. Top bullion consumer China reported three new COVID-19 deaths in the mainland for Jan. 2, the Chinese Center for Disease Control and Prevention said.
Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates increase the opportunity cost of holding gold as it pays no interest. Top bullion consumer China reported three new COVID-19 deaths in the mainland for Jan. 2, the Chinese Center for Disease Control and Prevention said.
