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Gold rises as dollar eases; US inflation data on radar
Gold prices edged higher on Tuesday due to a weakening U.S. dollar, as investors gear up for crucial inflation data that could sway the Federal Reserve's policy direction. A 60% likelihood of an impending rate increase looms over the market, potentially dampening gold's attractiveness amid soaring interest rates. In parallel, other precious metals, including silver, platinum, and palladium, recorded price increases.
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thehindubusinessline.com
Gold eases as robust US payrolls boost rate-hike bets; inflation data in focus
Gold prices nudged lower on Monday as strong U.S. jobs data reinforced expectations for higher interest rates, while market participants awaited key U.S. inflation prints due…
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economictimes.indiatimes.com
Gold rises as dollar eases; US inflation data on radar
Gold prices edged higher on Tuesday due to a weakening U.S. dollar, as investors gear up for crucial inflation data that could sway the Federal Reserve's policy direction. A 60%…
