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Gold Holds Losses as Higher Oil Stokes September Rate Hike Bets
Traders priced a 92% chance of a Fed rate increase as oil disruptions fueled inflation fears and pushed Treasury yields higher, pressuring bullion.
Summary by Business Times
5 Articles
5 Articles
Gold fell almost 4% during the month and quoted US$4700 an ounce, this at the same time that oil presents a rise
Gold stays lower as Middle East oil disruptions lift rate hike bets
The Fed's rate hike amid geopolitical tensions may curb inflation but risks stifling economic growth, complicating market dynamics. The post Gold stays lower as Middle East oil disruptions lift rate hike bets appeared first on Crypto Briefing .
Coverage Details
Total News Sources5
Leaning Left0Leaning Right1Center1Last Updated50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
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