Published • loading... • Updated
After Rate Hike, Economists Weigh Tariffs’ Role in Inflation
- Gold traded steadily around US$4,375 an ounce on Monday as investors weighed persistent inflation risks and the Federal Reserve's recent quarter-point interest rate hike.
- Fed policymakers voted unanimously to raise interest rates by a quarter percentage point at their September 15-16 meeting, with several officials scheduled to speak publicly this week.
- Minneapolis Fed President Neel Kashkari warned on Sunday that inflation remains high, noting that pressures have broadened beyond the oil-price shock from the war involving Iran.
- President Donald Trump said he would "probably" be open to a meeting with Iranian counterpart Masoud Pezeshkian at the United Nations General Assembly in New York.
- With the Fed's rate hike path largely priced in, gold lacks a "real narrative," said Justin Lin, an analyst at Global X ETFs, leaving bullion to trade off oil prices.
Insights by Ground AI
170 Articles
170 Articles
As gold prices continue to search for direction, the Fed's interest rate policy, volatility in oil prices, and geopolitical developments remain in the focus of the markets. The expectation that interest rates will remain high is putting pressure on gold, while uncertainties regarding oil supply and geopolitical risks are among the factors that could influence prices.
·Istanbul, Türkiye
Read Full Article
US Treasury yields continue to remain at high levels, putting pressure on gold. Silver prices have also fallen due to this pressure on gold. Let's find out the price of 24-carat gold.
Coverage Details
Total News Sources170
Leaning Left9Leaning Right25Center20Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 17%
C 37%
R 46%
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
