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Gold climbs on dip buying, Fed hike bets rise after US inflation data

Gold prices firmed over one percent on Friday, finding a short-term floor. Strong United States inflation data lifted expectations of a Federal Reserve rate hike next week. Market participants had a hike seventy percent priced in before the data release. Gold demand in India was subdued this week due to volatile prices. Investment demand remained strong in top consumer China, while silver and platinum also saw gains.

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Economic TimesLean R·1h ago
Gold climbs on dip buying, Fed hike bets rise after US inflation data
Gold prices firmed over one percent on Friday, finding a short-term floor. Strong United States inflation data lifted expectations of a Federal Reserve rate hike next week. Market participants had a hike seventy percent priced in before the data release. Gold demand in India was subdued this week due to volatile prices. Investment demand remained strong in top consumer China, while silver and platinum also saw gains.
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Gold climbs on dip buying, Fed hike bets rise after US inflation data

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Gold climbs on dip buying, Fed hike bets rise after US inflation data

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