Warsh’s focus on price stability sends gold prices lower

(Kitco News) - The gold market is trying to find its footing after the Federal Reserve left interest rates unchanged but signaled a hawkish tilt, showing support for at least one potential rate hike by the end of the year.The precious metal suffered further losses as newly minted Fed Chair Kevin Warsh highlighted the central bank’s commitment to controlling inflation. By the end of his press conference, gold prices were trading at their session lows, down more than 1% on the day.Warsh’s comments