Gold spikes after US inflation data increases Fed rate-cut bets
Gold (XAU/USD) shoots higher after the release of US inflation data on Wednesday. Gold surged one percent to trade in the $2,330s after the release of lower-than-expected US inflation data raised bets the Fed will cut interest rates sooner than previously thought.
Gold (XAU/USD) shoots higher after the release of US inflation data on Wednesday. Gold surged one percent to trade in the $2,330s after the release of lower-than-expected US inflation data raised bets the Fed will cut interest rates sooner than previously thought.
