Gold ticks lower after US Fed chief reaffirms inflation fight

Gold is often viewed as a hedge against inflation and a safe store of value during economic crises, like a recession. However, the Fed hiking interest rates to fight inflation raises the opportunity cost of holding bullion, which yields no interest.

Gold ticks lower after US Fed chief reaffirms inflation fight
Gold is often viewed as a hedge against inflation and a safe store of value during economic crises, like a recession. However, the Fed hiking interest rates to fight inflation raises the opportunity cost of holding bullion, which yields no interest.