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Gold retreats as investors navigate interest rate outlook

Por: CNBC Business March 02, 2023

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Gold prices were lower on Thursday as the dollar firmed, with a fresh set of global economic data cementing investor worries that global interest rates would stay higher for longer than expected. was down 0.2% at $1,833.57 per ounce, as of 0315 GMT, after hitting a one-week peak on Wednesday. slipped 0.3% to $1,840.50.Although considered a hedge against inflation, higher interest rates to tame rising prices increase the opportunity cost of... + full article



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