Gold slips as US data lifts dollar, boosts rate hike prospects – Economic Times
Economic Times |
Gold slips as US data lifts dollar, boosts rate hike prospects
Economic Times “A stronger dollar and firming US equity markets, along with weaker oil are all headwinds that could hamper gold’s advance over the short-term,” said INTL FCStone analyst Edward Meir. “But on the flip side, the fact that prices have not dropped … PRECIOUS-Gold falls ahead of US jobs data Gold settles lower as private-sector hiring ups Fed rate-hike odds PRECIOUS-Gold hits 1-wk low as stocks, dollar gain after upbeat U.S. data |
