Gold hits 8-month peak as dollar slips on Fed slowdown bets - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 9 January 2023

Gold hits 8-month peak as dollar slips on Fed slowdown bets

Gold prices jumped nearly 2% on Friday after data showed a moderation in U.S. wage growth and a contraction in activity in U.S. services industries in December.Money market bets show 75% odds of a 25-basis point hike at the Fed's February policy meeting, with the terminal rate expected just below 5% by June.

from Commodities-Markets-Economic Times
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