Economic TimesLean R·
Gold ticks up from near six-week low as investors weigh Fed outlook
On Thursday, gold prices slightly increased after previously touching a six-week low, responding to the U.S. Federal Reserve’s hike in interest rates and hints of more tightening to come. This strategy targets inflation fears that policymakers are increasingly alert to. In a related note, the Bank of England is projected to keep rates unchanged today, with other metals like silver, platinum, and palladium also showing positive trends.
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