Gold holds near one-week high after U.S. inflation data - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 12 January 2022

Gold holds near one-week high after U.S. inflation data

Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. dollar and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike. Spot gold was flat at $1,824.55 per ounce by 0109 GMT. U.S. gold futures were down 0.2% to $1,824.00.

from Commodities-Markets-Economic Times
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