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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 whipsawed after the Federal Reserve’s decision to leave interest rates unchanged kept traders guessing as to how the US central bank will tackle persistent inflation. After testing the $4,100-an-ounce mark early on Thursday, bullion gave up the nearly 1% gained in the previous session after the Fed voted 9-3 in favor of holding rates. An increase would have created headwinds for non-yielding gold, but the split verdict revealed growing conviction among some policymakers that higher borrowing costs will eventually 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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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 whipsawed after the Federal Reserve’s decision to leave interest rates unchanged kept traders guessing as to how the US central bank will tackle persistent inflation. After testing the $4,100-an-ounce mark early on Thursday, bullion gave up the nearly 1% gained in the previous session after the Fed voted 9-3 in favor of holding rates. An increase would have created headwinds for non-yielding gold, but the split verdict revealed growing conviction among some policymakers that higher borrowing costs will eventually be needed to curb resurgent price pressures.
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 whipsawed after the Federal Reserve’s decision to leave interest rates unchanged kept traders guessing as to how the US central bank will tackle persistent inflation. After testing the $4,100-an-ounce mark early on Thursday, bullion gave up the nearly 1% gained in the previous session after the Fed voted 9-3 in favor of holding rates. An increase would have created headwinds for non-yielding gold, but the split verdict revealed growing conviction among some policymakers that higher borrowing costs will eventually be needed to curb resurgent price pressures.
Removed by Scoope Timeline eligibility policy
