Gold Drops Amid U.S. Economic Growth, Fed Hawkishness
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Gold prices hovered around $2,164.89 per ounce on Friday, but are down nearly 2% in March due to robust U.S. economic data and hawkish Fed rhetoric. U.S. gold futures inched up 0.1% to $2,168.80. Chinas gold imports increased, but the SPDR Gold Trust ETF saw a 0.3% drop in holdings. Silver, platinum, and palladium also experienced monthly declines, reflecting a cautious precious metals market.
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