Gold down to seven-month low as RBA to hike cash rate to 4.6 per cent

CommSec’s James Gruber says the markets are pricing in a 93 per cent chance of an interest rate hike ahead of the Reserve Bank’s decision. “Markets are pricing in a 93 per cent chance that there will be a 25-basis-point hike to 4.6 per cent today,” Mr Gruber told News24. “The U