Gold tries to stabilize after recent losses

Published on Jun 15, 2022 11:38

Gold futures fell to near one-month low levels before witnessing modest support as continued selling in equities capped losses for the metal. The counter trades at $1817 per ounce, up 0.20% on the day. Gold is under stress as the US Federal Reserve is scheduled to announce its latest monetary policy decision on Wednesday. The central bank is expected to continue raising interest rates in an effort to combat inflation. It is widely expected to raise rates by 50 basis points.