Gold moves higher as yields, dollar slip after US inflation data
By Ashitha Shivaprasad and Anushree Ashish Mukherjee Gold prices gained on Tuesday as the dollar and Treasury yields retreated after softer-tha..
Stay updated with breaking news from Us Fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Ashitha Shivaprasad and Anushree Ashish Mukherjee Gold prices gained on Tuesday as the dollar and Treasury yields retreated after softer-tha..
In the current scenario, experts believe that there could be an enhanced focus on safe-haven assets such as gold and US dollars. On the other hand, the debt market attracted Rs 6,053 crore in the period under review after receiving Rs 6,381 crore in October, data showed.
Speaking at a separate event, Richmond Fed President Thomas Barkin noted that it "remains to be seen" if further tightening will be warranted, particularly with the economy growing at a 4.9% clip last quarter.
The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.
Its recent Quick Takes says inflation dipped even as unemployment had stayed low, which means growth may be driven by productivity and is therefore disinflationary