While gold is considered as a hedge against inflation and economic uncertainties, rising interest rates reduce the appeal of the asset, which pays no interest. The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were pushing the world to the brink of recession.
from Commodities-Markets-Economic Times
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Wednesday 12 October 2022
Gold slips as Fed minutes, inflation data loom
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