Gold futures ended lower Wednesday, pressured by strength in the U.S. dollar and Treasury yields as upbeat economic data backed expectations for a rate hike by the Federal Reserve.
Price action
Market drivers
Gold found itself under renewed selling pressure Wednesday after stronger-than-expected U.S. economic data “boosted expectations around U.S. rates staying higher for longer,” Lukman Otunuga, manager for market analysis at FXTM, told MarketWatch.
The…
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