Gold slips as Fed minutes, inflation data loom - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 11 October 2022

Gold slips as Fed minutes, inflation data loom

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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