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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold held a modest gain, after the US Federal Reserve kept interest rates unchanged despite rising inflationary risks from the escalating war in the Middle East. Bullion was near $4,060 an ounce in choppy trading, having advanced nearly 1% on Wednesday. The Fed voted 9-3 in favor of holding rates, although the split verdict signaled growing conviction among some policymakers that higher borrowing costs – typically a headwind for non-yielding gold – may still be needed to curb resurgent price pressures.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold held a modest gain, after the US Federal Reserve kept interest rates unchanged despite rising inflationary risks from the escalating war in the Middle East. Bullion was near $4,060 an ounce in choppy trading, having advanced nearly 1% on Wednesday. The Fed voted 9-3 in favor of holding rates, although the split verdict signaled growing conviction among some policymakers that higher borrowing costs – typically a headwind for non-yielding gold – may still be needed to curb resurgent price pressures.
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