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
Read The Rest:economictimes...
Post Top Ad
Wednesday 21 September 2022
Gold prices flat as investors brace for large U.S. rate hike
Tags
# commodities
Share This
About ajit
commodities
Tags:
commodities
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment