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Gold Drops to Near US$4,000 on Hot Inflation, Tech Stock Sell-Off
Summary by Business Times
6 Articles
6 Articles
International precious metals markets are under strong pressure.
The price of the ounce of gold has receded below the psychological level of $4,000, up to July levels, in a context marked by the sharp falls in the stock market of US technology companies after the presentation of their results corresponding to the third quarter of the year. Specifically, the [...] La entrada Gold loses the $4,000 by the technological collapse on Wall Street aparece primero en Forbes España.
Gold fell on Friday as rising oil prices heightened inflation concerns and strong inflation data from the U.S. reinforced expectations that the Fed could raise interest rates again later this year.
Coverage Details
Total News Sources6
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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