Gold struggles for a floor as Fed tightening outlook debated - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Saturday, 16 July 2022

Gold struggles for a floor as Fed tightening outlook debated

The US currency got a fresh boost this week as US inflation data added to market expectations of aggressive moves by the Fed. US consumer prices rose 9.1% on the year in June, the fastest pace in 40 years, beating market expectations of 8.8% growth. US producer prices also registered a bigger than expected 11.3% growth last month.

from Commodities-Markets-Economic Times
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