Gold declines after Powell doubles down on tight monetary policy ...Egypt

Gold declined more than 1 percent on Sunday due to Federal Reserve Chair Jerome Powell's speech at Jackson Hole. He said that the U.S. economy will need tight monetary policy "for some time" before inflation is under control. Spot gold decreased 1.25 percent to $1,736.49 per ounce. This is a route (...)

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Last updated : 28 August 2022 clock 12:32 PM

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Gold declines after Powell doubles down on tight monetary policy ...Egypt

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