Gold Slipped as Fed Pushed Forward tightening Schedule

Gold plunged as the Fed turned more hawkish in March. The benchmark Comex contract, failing to gain support from safe-haven demand amidst news that Russian forces invaded the Ukraine naval base at Sevastopol, dropped to as low as 1327.8 before settling at 1341.3, down -1.30%. Crude oil was mixed.

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Gold Slipped as Fed Pushed Forward tightening Schedule