Metals Stocks: Gold adds to post-Fed losses as dollar strengthens

by | Dec 15, 2022 | Stock Market

Gold added to its Fed-day losses on Thursday as the dollar rebounded, adding to the pressure on gold and silver during what has been a volatile week for precious metals prices. Gold and silver rallied after Tuesday’s consumer-price index data for November came in cooler than expected, which also helped to benefit stocks. But the Federal Reserve’s latest economic projections, released Wednesday along with the Fed’s decision to hike interest rates by 50 basis points, suggested that interest-rate cuts may not arrive until 2024,…

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