COMEX Gold futures stayed weak today after dropping sharply yesterday.The metal failed to hold on above $1820 per ounce as the US Federal Reserve Chair Jerome Powell that controlling inflation would demand rate rises in coming months. Powell said following that increase that similar 50 basis point moves were likely to come at ensuing meetings so long as economic conditions remained similar to where they are now. COMEX Gold was hit following this and currently trades down 0.20% at $1812 per ounce.Powered by Commodity Insights
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