Gold Falls as Bets on Fed Cut Waver With Data Gap Clouding View

Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Wednesday, March 2, 2022. Gold extended gains as investors weighed mounting risks to global growth from sanctions on Russia in the wake of its invasion of Ukraine. Gold dropped as optimism that the Federal Reserve will cut interest rates next month was shook by ongoing uncertainty over economic data, following the longest government shutdown in US history. Expectations for Fed cuts were scaled back as the week progressed, with ...