Gold pauses for rate hike cues from Fed's Powell - Business News, Finance News, Share Market News - Market trendz

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Monday 6 March 2023

Gold pauses for rate hike cues from Fed's Powell

Although gold is considered a hedge against inflation, rising interest rates tend to decrease the appetite for zero-yield bullion. Data on Friday showed the U.S. services sector grew at a steady clip in February, suggesting the economy continued to expand in the first quarter.

from Commodities-Markets-Economic Times
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