Gold dips on stronger dollar, Fed concerns - Business News, Finance News, Share Market News - Market trendz

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Thursday 15 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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