Gold Price Rises More Than 1% As Inflation Eases And Rate Hike Pause Expected
Gold prices saw a 1.2% increase at $1,955.66 per ounce on 12 July, nearly reaching a one-month high. It reflects a market response to signs of cooling inflation in the US. US gold futures also rose to $1,960.30 per ounce. The Consumer Price Index (CPI) increased by 3.0% annually through June, recording the smallest annual increase in over two years. The market now forecasts a 91% chance of a 25-basis-point Fed rate hike later this month, while some traders suggest this could potentially mark the end of the rate hike cycle.
Source: https://miningdigital.com/articles/barricks-kibali-gold-mine-rolls-out-a-new-10-year-plan
This newsletter is for information purposes only.
Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases. Transmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser. Charltons is not responsible for any third party content which can be accessed through the website.
If you do not wish to receive this newsletter please let us know by emailing us at unsubscribe@charltonslaw.com