Gold near seven-week low as Fed rate-hike fears mount - qz.com
Source: qz.com
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DW NOTE
The Fed raised rates 25 basis points two weeks ago and gold has dropped 21.5% from its January peak — which tells you the only thing propping up the metal this year was the expectation that Washington would keep printing rather than defend the dollar. Now that assumption is being repriced in real time.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com
Gold retreats on stronger dollar; traders brace for Fed - Kitco
The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu