Gold fell on Friday as US Treasury yields climbed from near a three-month low and the US dollar strengthened. The metal erased some short-lived gains that were made in the wake of a US inflation report.
Thursday’s US report on the consumer price index (CPI) showed that price increases were largely driven by categories associated with economic reopenings, bolstering the view that inflation pressures might ease later in the year.
With the US Federal Reserve setting a high bar for reconsidering its dovish stance, the data ended up stoking risk appetite across global markets pressuring demand for bullion as a
Gold pares post-CPI gain as dollar and yields rebound bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
CANBERA (dpa-AFX) - The euro moved higher against its major trading partners in the European session on Thursday, after European Central Bank President Christine Lagarde struck an optimistic tone
Euro zone inflation is likely to rise more in the second half of 2021 but then decline as temporary factors fade out, European Central Bank President Christine Lagarde said on Thursday. Inflation in the euro zone rose to 2% last month, lifted by rising energy prices to its highest rate since late 2018 and above .