Gold's relief rally fizzles as dollar firms on recession risks - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

Post Top Ad

Wednesday, 28 September 2022

Gold's relief rally fizzles as dollar firms on recession risks

​​​Gold prices have fallen 20% since scaling above the key $2,000 per ounce level in March, as rapid U.S. monetary tightening made non-yielding gold less attractive and boosted the dollar to multi-year peak. The U.S. trade deficit in goods narrowed for a fifth straight month in August amid a decline in imports, which is being driven by slowing domestic demand as the Federal Reserve aggressively tightens monetary policy to tame inflation.

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

No comments:

Post a Comment

Post Bottom Ad