A firmer US dollar is making gold more expensive, coinciding with hawkish signals from the Federal Reserve driving bets on interest rate hikes.
4 reports, 4 independent
Updated Thu 00:00
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What happened
A firmer US dollar is making gold more expensive, coinciding with hawkish signals from the Federal Reserve driving bets on interest rate hikes.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Inflation report rattled markets, causing gold to crater amid stronger dollar.1 source
Strong USD and hawkish Fed tone are driving up gold prices.1 source
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The entities involved
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US Dollar (Next day)
Distinct currency with ISO 4217 code "USN", defined for trade purposes