Gold set for second straight yearly drop
However, gold prices have risen nearly $200 from a more than two-year low hit in September on hopes that the U.S. central bank might slow its pace of rate hikes. The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each.
However, gold prices have risen nearly $200 from a more than two-year low hit in September on hopes that the U.S. central bank might slow its pace of rate hikes. The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each.
