Gold flat as more Fed rate hikes loom - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

Post Top Ad

Sunday, 4 September 2022

Gold flat as more Fed rate hikes loom

​​​Higher interest rates increase the opportunity cost of holding the non-yielding bullion and boosts the dollar. The dollar index inched 0.1% lower having earlier hit a 20-year peak. Stronger-than-expected platinum shipments to China in the first half of the year spurred shortages elsewhere, as supply declined from mines and recycling, the World Platinum Investment Council said on Monday.

from Commodities-Markets-Economic Times
Read The Rest:economictimes...

No comments:

Post a Comment

Post Bottom Ad