consumer inflation

Gold Prices Surge as Weak Economic Data Prompts Fed to Pause Rate Hikes

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[ad_1] Last Updated: June 09, 2023, 01:48 IST New York, United States of America (USA) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT). U.S. gold futures settled up 1% at $1,978.60. (Reuters File Photo) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT) Gold … Read more

Dollar Gains on Rising US Yields, British Inflation Lifts Pound

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[ad_1] The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10 percent in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against a basket of its peers, was up … Read more