Gold little changed as traders focus on U.S. inflation - Business News, Finance News, Share Market News - Market trendz

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Friday 27 January 2023

Gold little changed as traders focus on U.S. inflation

On Thursday, bullion prices fell 1% due to a firmer dollar and strong U.S. economic data that could prompt the Fed to keep interest rates higher for longer.The U.S. economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the end of the year.

from Commodities-Markets-Economic Times
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