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Gold producers enjoy a rare rally on talk of cooler US Fed

Vesna Poljak
Vesna PoljakCompanies editor

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Gold miners rallied on Monday as speculation the US Federal Reserve plans to moderate the pace of interest rate increases fuelled a revival in the price of the precious metal.

The US dollar was lower against most major currencies, which also supported the gold price.

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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/gold-producers-enjoy-a-rare-rally-on-talk-of-cooler-us-fed-20221024-p5bseg