Economic TimesLean R·
Gold lacklustre as higher-for-longer rate outlook weighs on sentiment
Gold values have shown minimal fluctuations as market participants assess the likelihood of persistent elevated interest rates. Recent hikes by significant central banks have influenced current market trends, curtailing gold's appeal as a hedge against inflation. Meanwhile, rival precious metals like silver, platinum, and palladium witnessed slight upward movements. Key economic indicators from both Europe and the US are expected to be announced later today.
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