Wall Street Revises Downward Outlook for Gold Amid Hawkish Federal Reserve Signals
Following a hawkish tone from new Federal Reserve Chairman Kevin Warsh and recent policy meetings, Wall Street firms including Bank of America are revising their bullish stance on gold. The expectation of potential rate hikes has reduced optimism about near-term gains in the precious metal.
Tickers: $BAC
Topics: Federal Reserve gold prices interest rates monetary policy