Gold hits six-week trough on stronger dollar, rate hike worries - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 31 August 2022

Gold hits six-week trough on stronger dollar, rate hike worries

The Fed will need to raise interest rates somewhat above 4% by early next year and then hold them there in order to bring too high inflation back down to the central bank's goal, Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday.

from Commodities-Markets-Economic Times
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