Gold dips on stronger dollar, Fed concerns - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 14 September 2022

Gold dips on stronger dollar, Fed concerns

Gold is highly sensitive to rising U.S. interest rates and higher yields, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar. U.S. producer prices fell for a second straight month in August as the cost of gasoline declined further, resulting in the smallest annual increase in a year, which could allay fears of inflation becoming entrenched.

from Commodities-Markets-Economic Times
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