Gold slips as chances of hefty Fed rate hike rise after CPI data - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 10 February 2022

Gold slips as chances of hefty Fed rate hike rise after CPI data

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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