Gold is traditionally known as an inflation hedge but higher interest rates tend to dim the bullion's appeal as it increases the opportunity cost of holding the non-yielding metal. The European Central Bank is set to raise interest rates for a fourth straight time, albeit probably by a smaller increment, and lay out plans to drain cash from the financial system as it fights runaway inflation.
from Commodities-Markets-Economic Times
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Thursday 15 December 2022
Gold eases as Fed hints at more rate hikes next year
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