Federal Reserve officials signalled they remain on track to raise interest rates next month.They stressed the need to confront the hottest US inflation in 40 years
HONG KONG: Gold held a decline amid a rebound in stock markets as investors remained on edge while assessing the impact of Russia’s invasion of Ukraine and Western sanctions.
European shares surged the most in a month as risk sentiment improved following yesterday’s sharp sell-off. Bullion fell on Thursday after surging to the highest in more than 17 months as traders digested a new round of sanctions on Russia following the country’s attack on its neighbour.
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