World & BusinessGold holds decline as bets on another Fed rate hike grow
Bloomberg reports that resurgent energy prices and stronger-than-expected US economic data increased bets that the Federal Reserve might raise rates again to combat inflation.
TLDR
Bloomberg reported on September 24 that gold held a decline as energy prices rebounded and US economic data came in stronger than expected. Those developments increased bets on another Federal Reserve interest-rate hike to combat inflation.
Gold holds decline as bets on another Fed rate hike grow
Bloomberg reports that resurgent energy prices and stronger-than-expected US economic data increased bets that the Federal Reserve might raise rates again to combat inflation.
TLDR
Bloomberg reported on September 24 that gold held a decline as energy prices rebounded and US economic data came in stronger than expected. Those developments increased bets on another Federal Reserve interest-rate hike to combat inflation.