Gold holds above $4,400 after its best weekly performance since January, with investors awaiting U.S. inflation data
Gold prices are maintaining above the $4,400-a-troy-ounce mark, having recorded their strongest weekly gain since January. Investors are now looking to key U.S. inflation data for further indications on the Federal Reserve's policy trajectory. This rally is supported by weaker U.S. economic data, which has reduced the risk of near-term rate hikes, alongside growing concerns over U.S. fiscal debt, a softer dollar, and sustained demand from central banks and Asian investors. Following unexpected job losses in the U.S. economy in July, traders now price in only a 44% chance of a September rate hike, according to the CME Group's FedWatch tool.
Source:Yahoo财经 · Source Link
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