Gold steady as tepid U.S. dollar counters rate-hike woes - Business News, Finance News, Share Market News - Market trendz

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Tuesday 18 October 2022

Gold steady as tepid U.S. dollar counters rate-hike woes

​​​Gold is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding the non-yielding asset. The German government is aiming to cushion an expected recession with its investment programmes, but without fuelling inflation, Economy Minister Robert Habeck said on Monday.

from Commodities-Markets-Economic Times
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