Metals Stocks: Gold hits fresh 9-month high as inflation wanes

by | Jan 24, 2023 | Stock Market

Gold prices advanced to fresh nine-month highs on Tuesday as expectations for smaller U.S. interest-rate hikes helped bolster the yellow metal while weighing on the dollar.Price actionMarket drivers Precious metals analysts credited signs of waning U.S. inflation with helping to boost the price of gold by making it easier for the Federal Reserve to pause its interest-rate hikes, or even switch back to cutting rates. “With…

Article Attribution | Read More at Article Source

Share This