Copper $ 5.5045 / lb 1.42%
Brent Crude Oil $ 60.07 / bbl 0.50%
Palladium $ 1769.5 / ozt -0.48%
Crude Oil $ 56.29 / bbl 0.70%
Natural Gas $ 3.907 / Btu -0.89%
Silver Futures $ 65.885 / ozt 0.72%
Aluminum Futures $ 2938.75 / ton 0.63%
Micro Gold Futures $ 4354.4 / ozt -0.23%
Micro Silver Futures $ 65.885 / ozt 0.71%
Platinum $ 1964.4 / ozt 0.58%
Gold Futures $ 4354.4 / ozt -0.21%
Go to MDC Markets

Gold price set for third straight weekly drop on Fed rate hike prospects

Staff Writer | May 06, 2022 | 9:14 am Markets USA Gold 

Gold edged up on a weaker dollar on Friday, but is still on course for a third consecutive weekly decline, with the metal facing pressure from prospects of aggressive rate hikes from the US Federal Reserve. Spot gold rose 0.5%...

Mining.com Recommends

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

Your Rankings.

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now