Rate hike expectations batter commodities
Gold languishes near 3-month low ahead of U.S. data, Fed speakers
Gold prices languished near three-month lows on Thursday, as investors looked ahead ...
, copper and oil prices struggled near recent lows on Thursday, as the U.S. dollar held near seven-month highs against a basket of six other major currencies amid expectations for tighter monetary policy in the U.S. in the coming months.
A stronger dollar reduces demand for raw materials as an alternative investment and makes dollar-priced commodities more expensive for holders of other currencies.