Gold prices tepid as U.S. jobs data lifts Fed rate-hike bets - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 9 October 2022

Gold prices tepid as U.S. jobs data lifts Fed rate-hike bets

​​​ Data on Friday showed inflation's tightening stranglehold on the German economy, with a surge in import prices and drop in industrial output and retail sales adding to signs that Europe's biggest economy is heading for recession. ​​Physical gold prices flipped to a discount in India last week as elevated local rates amid a dive in the rupee dampened festive demand, with higher prices playing spoilsport across other Asian hubs as well.

from Commodities-Markets-Economic Times
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