Macro Finance
Gold Holds Biggest Drop in Over Two Months on Fed Rate-Hike Bets
Bloomberg Markets·August 30, 2026·1 min read
Gold steadied on Monday after falling more than 3% on Friday, its biggest drop in over two months, as Federal Reserve Chairman Kevin Warsh's pledge to fight inflation boosted expectations of a US interest-rate hike. Investors now await further economic data for direction.
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