Gold Steady As Interest Rate Expectations Take Shape – 28 February, 2018
Gold was steady at $1,319.40, having dropped 1.2 percent lower the day before after Federal Reserve Chairman Jerome Powell paved the way to four interest rate hikes this year. Goldman Sachs Group Inc. sees prices rising to $1,450 by the end of the year as the expectation of higher inflation from rising oil prices have been supportive of gold.