Gold eases as dollar firms on bets for ‘transitory’ inflation

gold eases as dollar firms on bets for transitory inflation

Sumary of Gold eases as dollar firms on bets for ‘transitory’ inflation:

  • Article content Gold prices edged lower on Friday as the dollar held steady with some investors betting on rising U.S..
  • consumer prices rose solidly in May, leading to the biggest annual increase in nearly 13 years, while jobless claims dropped to their lowest in nearly 15 months last week..
  • Meanwhile, the European Central Bank on Thursday kept its monetary policy unchanged and pledged a steady flow of stimulus over the summer….

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