Seefinish Insights Trends news knowledge Discovery

ReadR

ReadR

ReadR: Read and Share all content, headlines, news and trends results with Seefinish ReadR App.

Discover Content : Trends

Discover real-time trending topics, news headlines, twitter trends, google trends, hashtags, and content from different countries in the world.

Top Countries

Select Country:🌐

Worldwide 🌍 | Nigeria 🇳🇬 | South Africa 🇿🇦 | Kenya 🇰🇪 |Brazil 🇧🇷| Canada 🇨🇦 | United Kingdom 🇬🇧| United States 🇺🇸

See all other continents, locations, categories and associated headlines or trending informations here using

America:
Brazil 🇧🇷| Canada 🇨🇦 | United States 🇺🇸

Africa:
Algeria 🇩🇿 | Egypt 🇪🇬 | Ghana 🇬🇭 | Kenya 🇰🇪 |Morocco 🇲🇦| Nigeria 🇳🇬 | South Africa 🇿🇦 |

Middle East:
Turkey 🇹🇷| Cyprus 🇨🇾 |

Europe:
Finland 🇫🇮| Hungary 🇭🇺 |Germany 🇩🇪| Italy 🇮🇹 | Slovakia 🇸🇰 | Switzerland 🇨🇭 | United Kingdom 🇬🇧

Australia/Oceania: 🌐
Australia 🇦🇺|

Asia:
China 🇨🇳 | Japan 🇯🇵|

Show more
Show less

Headline : Gold loses its shine amid hot U.S. inflation data

Read more from the original article on here at nairametrics.com.






Tags : #gold #loses #shine #amid #hot #us #inflation #data


No. of Paragraph 27

Gold is under pressure amid the hot inflation data from the world’s largest economy.

These losses occurred as pressure from higher US 10-year Treasury yields increased, following the disappointment of early Fed rate cuts in March and May due to strong US inflation statistics.

High inflation data typically creates a negative bias for gold because it increases the likelihood that interest rates will stay elevated, which raises the opportunity cost of owning the non-yielding metal.

The price of gold has dropped to support levels around $2000 per ounce as investors consider the persistent data on US inflation.

Read more from the original article on here at nairametrics.com.


Related Headlines : Gold loses its shine amid hot U.S. inflation data (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.