Gold Heads for Worst Quarter in 13 Years on Fed Rate Bets
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- Gold is headed for its worst quarter in 13 years, with CNBC reporting prices fell further on interest rate fears and KITCO attributing the slide to a strong dollar and bets the Federal Reserve will keep hiking rates
- Silver is also tumbling sharply alongside gold per the Wall Street Journal, while Bloomberg offers a counter-signal that gold steadied as US-Iran peace talks framed the inflation outlook
Why it matters: Bullion is losing ground to rate-sensitive assets as a strong dollar and hawkish Fed expectations dominate the macro picture; for gold and silver holders, the 13-year quarterly low underscores how aggressive monetary policy is overriding the metal's traditional safe-haven appeal at the very moment geopolitical events (US-Iran talks) might otherwise support it.
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