• Gold, Copper Slip as Powell Dashes Fed Pivot Hopes

    Gold, Copper Slip as Powell Dashes Fed Pivot Hopes0

    Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that interest rate hikes will end soon, while copper prices were also hit by uncertainty over China withdrawing its zero-COVID policy The Fed hiked interest rates by an as-expected 75 basis points (bps), and said that

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