Gold edges higher on softer dollar ahead of U.S. inflation data - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 12 September 2022

Gold edges higher on softer dollar ahead of U.S. inflation data

​​​​Higher interest rates increase the opportunity cost of holding the non-yielding bullion and boosts the dollar. Germany's economy, Europe's largest, will contract next year as a dramatic rise in energy costs due to the war in Ukraine extinguishes the chances of recovery after pandemic-related lockdowns, the Ifo institute said on Monday.

from Commodities-Markets-Economic Times
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