Gold plummets to two year low

The price drop is attributed to a rise in US inflation and fears of a more aggressive monetary policy by the Fed

The price of gold plunged to its lowest since April 2020 on Friday as investors remained wary of more aggressive interest rate hikes by the Federal Reserve, despite a fresh round of mixed data on the US economy.

Spot gold fell to $1,670 per ounce as of 11:00 GMT. Highly sensitive