Gold steadies near US$4,330 after 6% slide as Fed rate hike bets rise
Gold prices steadied near US$4,330 an ounce on Sept 2 after a nearly 6% slide over three sessions, pressured by higher bond yields and a firmer US dollar. Traders now see a nearly 70% chance of a US Federal Reserve rate hike at its Sept 15-16 meeting, following hawkish comments from Fed Chair Kevin Warsh.