Gold prices slipped on Friday, as a stronger-than-expected U.S. inflation reading and hawkish comments from a Federal Reserve official ramped up odds for a hefty interest rate hike next month, sending Treasury yields higher. Spot gold fell 0.1% to $1,825.29 per ounce by 0141 GMT, while U.S. gold futures dropped 0.7% to $1,824.50.
from Commodities-Markets-Economic Times
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Friday 11 February 2022
Gold slips as chances of hefty Fed rate hike rise after CPI data
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