Gold prices are poised to drop for the second year in a row in 2022 as the Fed’s aggressive rate hikes fuel the dollar rally.
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Amid cautious traders awaiting economic data, the gold price entered a tight range in weak trading on Friday.
Gold prices slowly fell from a one-week high in the previous session on Wednesday as the dollar revalued.
US banking giant Goldman Sachs predicts that the Fed will raise interest rates at least four times by the end of 2022. Contact us to be informed …