Skip to content
Subscriber Only

Gold Falls Fifth Time in Six Sessions on Revived Rate Concerns

Video player cover image

Inside a Couple of Bad Years for Gold Bulls

Updated on

Gold futures declined for the fifth time in six sessions as comments by a Federal Reserve official reignited concern that U.S. interest rates will climb this year.

Fed Vice Chairman Stanley Fischer said over the weekend there is "good reason" to believe inflation will accelerate, boosting speculation that the central bank won’t delay its first rate increase since 2006. Stubbornly low inflation along with the prospect of tighter U.S. monetary policy has kept a lid on the metal, which doesn’t pay interest or offer returns, unlike competing assets.