Gold Steady After Worst Month Since Mid-2021 as Rate Hikes Loom | PT Rifan

PT Rifan - Gold was steady in Asia -- after posting its worst monthly performance since mid-2021 -- as traders waited for more clues on the path of US interest rates.

Bullion dropped 5.3% in February, although it rose 0.9% over the last two sessions of the month, on increasing signs that Federal Reserve policymakers will have to keep rates higher for longer to control inflation. It was also hit by gains in the dollar and Treasury yields, which are typically negative for the non-interest bearing metal.

Spot gold was little changed at $1,824.74 an ounce as of 8:27 a.m. in Singapore. The Bloomberg Dollar Spot Index added 0.1%. Silver, platinum and palladium all edged lower.

Sumber : newsfrb, Bloomberg

PT Rifan