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Gold Price Erases 2023 Gains as Rate-Rise Fears Push US Recession Signal to 4-Decade Record

The gold price fell back to New Year 2023 levels for US Dollar, Euro and UK Pound investors on Wednesday as the US yield curve inversion grew to the widest in 4 decades, signalling recession ahead, on rising interest-rate forecasts despite slowing inflation data ....

New York , United States , United Kingdom , Jonathan Haskell , Christian Lindner , European Commission , European Central Bank On , Federal Reserve , Office For National Statistics , Dollar Index , New Year , National Statistics , European Central Bank , Inflation Reduction ,

British Pound (GBP) Latest: UK Economy Contracts, BoE Bond Buying Dilemma

The UK economy contracted further than expected in August, with manufacturing and industrial production taking a heavy hit. ....

United Kingdom , Jonathan Haskell , Andrew Bailey , Catherine Mann , British Pound , Year Gilt Yield October , Huw Pill , Price Chart ,

Interest rate hike points to the Bank keeping its foot firmly on the brake

The half-point rise wasn’t the limit of the measures announced by a central bank accused – until now – of acting too slowly on inflation ....

United Kingdom , Dave Ramsden , Jonathan Haskell , Kwasi Kwarteng , Catherine Mann , Swati Dhingra , European Central Bank , Threadneedle Street ,