Gold eases as Fed hints at more rate hikes next year - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 14 December 2022

Gold eases as Fed hints at more rate hikes next year

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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