economy
Gold heads for worst quarter in more than a decade as retail frenzy fades
Expectations of higher interest rates fuelled by Iran war help end bullion’s record rally
TL;DR
- Gold is set for its worst quarter in over a decade.
- The record rally in gold prices is ending.
- Expectations of higher interest rates are influencing the market.
- The war in Iran is contributing to these interest rate expectations.
- Retail buying frenzy for gold has subsided.