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Gold sinks to more than two-year low on stronger dollar, Fed concerns

The Edge Markets LogoThe Edge Markets1w ago

Gold sinks to more than two-year low on stronger dollar, Fed concerns - The Edge Markets

Quick Summary:

Benchmark 10-year US Treasury yields hit an 11-year peak.

"Consumer price index numbers are likely to remain elevated and the Fed looks determined to bring down inflation.

"The renewed strength of the dollar is pushing gold lower.


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Article Details

Category: InvestingFinance

Topics: Interest Us$1 Dollar Elevated Appeal Yields Rates Gold Prices Fell Ounce

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 13:37:53

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 2 minutes read

Article Length: 340 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 494220

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 104 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 10h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

Publisher Details

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