Commodities & currencyEconomic Times
Gold holds near low as US inflation boosts Fed hike bets
Negative0
GreyOak summary
Gold prices edged higher to $4,039 but remained near a one-week low. Stronger-than-expected US inflation data increased the odds of a Federal Reserve rate hike in December to 100%. Higher interest rates reduce gold's appeal by increasing opportunity costs for non-yielding assets.
What it affects
US inflationNegative 0US inflation accelerated more than expected.Rolling sentiment Negative -44
- GoldNeutral 0
Gold edged higher but near one-week low.Rolling sentiment Neutral +13
