The prospects of more hawkish monetary policy and the sooner start of a tightening cycle should be negative for the yellow metal, but gold didn’t care too much about a more aggressive Fed.
Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021 as investors started to price in tighter monetary policy.
Recent drilling by CarbonSAFE is expected to provide information on the viability of a second carbon storage site in the top coal-producing state in the US.