Gold lingers near one-year low as Fed hike expectations firm

Gold remained near a one-year low as expectations for a Federal Reserve interest-rate hike firmed.

Gold remains under pressure

The precious metal’s position close to its lowest level in a year coincided with stronger expectations of a Federal Reserve hike. The development places monetary-policy expectations at the center of the market’s focus.

Why it matters

Gold’s continued proximity to a one-year low highlights the importance of changing expectations around the Federal Reserve. The available information does not include a price, the timing of a potential hike or additional market details.

For now, gold remains near its one-year low while traders assess the prospect of tighter U.S. monetary policy.