By Jigar Trivedi Spot gold hovered in a tight range from $ 1,740 to $1,755 an ounce as the dollar continued to advance after Fed officials echoed an aggressive rate hike going ahead. The holding at the SPDR Gold ETF declined to 984 tonnes as on 25th August 2022 as compared to 1,005 tonnes as on 29th July 2022. The dollar hit almost 20 year high as several Fed policymakers have been pointing to the need to move rates to a restrictive territory, highlighting the necessity to bring inflation down to its 2% target and erasing previous expectations of a …
