Gold edges higher as dollar eases ahead of Fed minutes, data - Business News, Finance News, Share Market News - Market trendz

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Tuesday 21 February 2023

Gold edges higher as dollar eases ahead of Fed minutes, data

Investors are now awaiting minutes of the Fed's latest policy meeting due to be released on Wednesday. Money markets expect the U.S. central bank to raise benchmark rates above 5% by May, with a peak in rates seen at 5.3% in July.Higher interest rates increase the opportunity cost of holding zero-yield bullion.

from Commodities-Markets-Economic Times
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