Gold Rises as Oil Retreats After Fed Rate Hike
Gold extended its recovery as cheaper oil eased inflation fears, while investors assessed the Federal Reserve’s first rate hike since 2023.
8 articles
Gold extended its recovery as cheaper oil eased inflation fears, while investors assessed the Federal Reserve’s first rate hike since 2023.
Gold weakened after a US price report and surging crude oil strengthened expectations that the Federal Reserve could raise rates this month.
Gold has fallen to a two-week low as higher Treasury yields and a stronger dollar turn attention toward US jobs data and the Federal Reserve.
Gold and bitcoin jumped as expanded U.S. Treasury bond buybacks weakened the dollar, linking government debt operations to two popular alternative assets.
Gold is nearing $4,400 as softer US activity, falling Treasury yields and a weaker dollar reshape expectations for rates and safe-haven demand.
Gold reached a two-month high as mild US inflation reduced expectations of an immediate Fed rate hike, putting producer-price data in focus.
Gold hit a two-month high before key US inflation data, as weaker jobs growth reduced expectations of another Federal Reserve rate increase.
Gold reached a seven-week high as a softer dollar, lower Treasury yields and Hormuz reopening hopes reduced expectations of another Fed rate increase.
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