Gold Slumps as Hormuz Impasse Keeps Rate-Hike Bets Elevated
Gold slumped as an impasse over the Strait of Hormuz kept energy costs elevated and maintained pressure on the Federal Reserve to raise interest rates further to combat sticky inflation.
<p>Gold slumped as an impasse over the Strait of Hormuz kept energy costs elevated and maintained pressure on the Federal Reserve to raise interest rates further to combat sticky inflation.</p>