Gold firms as dollar softens, but rate-hike fears limit gains - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 2 October 2022

Gold firms as dollar softens, but rate-hike fears limit gains

Rising interest rates dim bullion's appeal as they increase the opportunity cost of holding the non-yielding asset. Euro zone inflation zoomed past forecasts to hit 10% in September, a new record high that will reinforce expectations for another jumbo interest rate hike next month from the European Central Bank.

from Commodities-Markets-Economic Times
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