LONDON, 27 July 2022 - Comment from BullionVault tonight leads news from leading US investment-site MarketWatch about the impact on gold prices of the Federal Reserve's latest hike to Dollar interest rates.
Gold and silver "clearly had today's rate rise priced in, trading pretty much flat in a tight range before and after the statement," the report quotes Adrian Ash, director of research at BullionVault.
"But now the big questions come from the bond market, because inflation above 9% and 2-year yields falling back towards 3% show just how confused the outlook has become."
Read Adrian's comment in full at MarketWatch here:
Gold prices end higher, extend gains after the Fed lifts interest rates as expected