Gold eases as steady dollar, U.S. rate-hike outlook dent appeal - Business News, Finance News, Share Market News - Market trendz

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Thursday 9 February 2023

Gold eases as steady dollar, U.S. rate-hike outlook dent appeal

Gold is sensitive to high interest rates which lift the opportunity cost of holding non-yielding bullion. Market participants are now expecting the Fed's target rate to peak at 5.132% in July, from a current range of 4.5% to 4.75%.

from Commodities-Markets-Economic Times
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