Gold firms near one-month peak on softer dollar, slowdown worries - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 4 August 2022

Gold firms near one-month peak on softer dollar, slowdown worries

The yield on 10-year Treasury notes also slipped, reducing the opportunity cost of holding non-interest bearing gold. The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming

from Commodities-Markets-Economic Times
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