Gold prices flat as investors brace for large U.S. rate hike - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 20 September 2022

Gold prices flat as investors brace for large U.S. rate hike

​​​Higher interest rates increase the opportunity cost of holding non-yielding bullion and boosts the dollar. The European Central Bank may need to raise interest rates to a level that restricts economic growth in order to cool demand and combat unacceptably high inflation, ECB President Christine Lagarde said on Tuesday.

from Commodities-Markets-Economic Times
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