Gold prices tumbled on Tuesday even as crude oil prices fell, with easing Middle East tensions reducing safe-haven demand. The move reflects expectations that the U.S. Federal Reserve will keep rates higher in the near term, which is a headwind for non-yielding bullion.
Gold prices tumbled on Tuesday even as crude oil prices fell, with easing Middle East tensions reducing safe-haven demand. The move reflects expectations that the U.S. Federal Reserve will keep rates higher in the near term, which is a headwind for non-yielding bullion.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.25
