Connect with us

Hi, what are you looking for?

Investing

Gold prices post first loss in 3 sessions after U.S. inflation report

Gold prices ended lower Wednesday for the first time in three sessions as a monthly reading on U.S. consumer prices failed to provide a clear picture of the path for Federal Reserve interest rates.

The April data showed U.S. consumer prices rose as expected, while the annual consumer inflation rate was at its lowest in two years. The U.S. dollar weakened following the data, only briefly providing support to dollar-denominated gold prices.

Price action

Market drivers

U.S….

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube