Gold Suffers Worst Monthly Drop Since 2008 – Fed Rate Jitters, Strong Dollar Fuel Selloff
Spot gold recorded its steepest monthly decline since October 2008 in June, pressured by a stronger U.S. dollar, growing expectations of interest rate hikes, and lingering uncertainty surrounding the Middle East conflict. While ongoing dollar strength remains the primary headwind, investors will keep an eye on Federal Reserve Chair Kevin Warsh’s speech on Wednesday, according … Read more