Losing shine? Investment demand for gold plummets to four-year lows https://ift.tt/HbWrM4e Gold prices saw a significant drop due to a surge in US treasury yields, resulting in the largest weekly loss in months. The US central bank indicated another rate hike before the end of the year and signaled fewer rate cuts for the following year. Strong economic data, including increased durable goods orders and low unemployment claims, supported the Federal Reserve's hawkish stance. The rebound in US home prices and rising energy prices also raised inflation concerns.
Saturday, September 30, 2023
Losing shine? Investment demand for gold plummets to four-year lows
Subscribe to:
Post Comments (Atom)
-
Bechtel - Haryana - New Delhi - Requisition ID: 214786 Geotechnical Engineer with Bachelor’s Degree in Civil Engineering and 10 + years of e...
-
Top 5 way How to Search for a Job Online As Internet job boards continue to evolve, it can pay to stay current on the latest search to...
-
Amazon - New River, AZ - Warehouse and Shopper Team Members Location: Goodyear, Phoenix Job opportunities vary by location. We update postin...
No comments:
Post a Comment