Gold Holds Five-Day Gain as Oil Drop Eases Inflation Concerns
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 retreated from a three-month high, with investors turning their focus to the Federal Reserve’s interest-rate path ahead of the annual Jackson Hole gathering this week. Bullion inched lower to trade near $4,600 an ounce, while still up 14% this month. The precious metal’s latest leg up was supported by the US Treasury’s unexpected intervention in the bond market last week.
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Version 2unpublished
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Version 3published
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 consolidated after a five-day rally, with investors turning their focus to the Federal Reserve’s interest-rate path ahead of the annual Jackson Hole gathering this week. Bullion edged down to near $4,640 an ounce, pulling back from a three-month high struck in the previous session. The metal has still gained about 7% over the last week, supported by the US Treasury’s unexpected intervention in the bond market.
Version 4unpublished
Removed by Scoop Timeline eligibility policy
Version 5published
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 consolidated after a five-day rally, with investors turning their focus to the Federal Reserve’s interest-rate path ahead of the annual Jackson Hole gathering this week. Bullion edged down to near $4,640 an ounce, pulling back from a three-month high struck in the previous session. The metal has still gained about 7% over the last week, supported by the US Treasury’s unexpected intervention in the bond market.
Version 6unpublished
Removed by Scoop Timeline eligibility policy
Version 7published
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 retreated from a three-month high, with investors turning their focus to the Federal Reserve’s interest-rate path ahead of the annual Jackson Hole gathering this week. Bullion inched lower to trade near $4,600 an ounce, while still up 14% this month. The precious metal’s latest leg up was supported by the US Treasury’s unexpected intervention in the bond market last week.
Version 8unpublished
Removed by Scoop Timeline eligibility policy
Version 9published
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 retreated from a three-month high, with investors turning their focus to the Federal Reserve’s interest-rate path ahead of the annual Jackson Hole gathering this week. Bullion inched lower to trade near $4,600 an ounce, while still up 14% this month. The precious metal’s latest leg up was supported by the US Treasury’s unexpected intervention in the bond market last week.