Gold Prices Dip Amid Dollar Stability and Rate Hike Concerns
Although recent inflation data offered some relief, gold prices experienced a slight decline.
Business & Markets • 3 months ago
Gold prices saw a modest decrease as the U.S. dollar stabilized and expectations of further interest rate hikes persisted. While weaker-than-expected U.S. inflation data provided a degree of comfort, these other market factors are likely to keep the precious metal under pressure, according to analysts at Tickmill.