Gold futures edge lower Friday, but are on track for a weekly gain, as traders eye developments around the Russia-Ukraine war and an increasingly hawkish...
Gold futures edged lower Friday, but were on track for a weekly gain, as traders eye developments around the Russia-Ukraine war and an increasingly hawkish Federal Reserve.
“The... Gold futures edged lower Friday, but were on track for a weekly gain, as traders eye developments around the Russia-Ukraine war and an increasingly hawkish Federal Reserve. “The Russian war and other factors such as supply chain issues will likely boost even higher rates of inflation, thus remaining the catalyst for rising gold prices,” said Peter Cardillo, chief market economist at Spartan Capital Securities, in a note.
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