Gold Drops 1% on Hawkish Fed Comments Ahead of US Inflation Data
28 Articles
28 Articles
Gold Holds Loss Near $4,000 on Hot US Inflation, Fed Remarks
Inflation exceeding expectations in the US has revived expectations of interest rate hikes in the markets. Changing predictions regarding the Fed's monetary policy put pressure on precious metals, leading to sharp sell-offs in the gold market.
The highly anticipated inflation data for the US market has been released. Following the significantly higher-than-expected inflation figures, gold prices fell more rapidly, while the rise in the dollar index caused the USD/TRY exchange rate to move upwards. Here are the details...
Khaleej Times
Kitco NEWSGold drops 1% on hawkish Fed comments ahead of US inflation data
The Federal Reserve ought to raise short-term borrowing costs next month even if government data shows inflation cooled last month, Federal Reserve Governor Christopher Waller said on Tuesday
Gold prices experienced a sharp drop after US inflation data exceeded expectations. High inflation strengthened expectations of interest rate hikes, turning investors' attention to current gold prices. So, is the decline continuing? What are the current prices for gram and quarter gold?
A stronger US dollar makes gold more expensive for investors holding other currencies, while rising bond yields increase the opportunity cost of holding non-yielding assets like gold. China sees a shift from gold jewelry to investment gold. Can Tho: Police dismantle a gang scamming people with virtual gold investments via the Phantom app. Reasons why gold still holds a place in investment portfolios despite price instability.
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