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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Tuesday 13 September 2022
Gold edges higher on softer dollar ahead of U.S. inflation data
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