Gold lingers near one-week low ahead of US CPI data
· economictimes.indiatimes.com
As U.S. rate hike expectations firmed up, gold prices remained near a one-week low. The market is gearing up for the pivotal U.S. consumer price index data set to be unveiled later today, heightening anticipation. Speculation swirls around a potential increase in borrowing costs by the Federal Reserve in its next meeting. Additionally, the European Central Bank has raised rates to tackle inflation driven by energy.
Synopsis
As U.S. rate hike expectations firmed up, gold prices remained near a one-week low. The market is gearing up for the pivotal U.S. consumer price index...