Gold rallies as Treasury yields slide despite hot PPI
Gold price climbs after US PPI data came in hotter than expected. The hotter wholesale inflation was already priced in by investors who trimmed hawkish bets on the Federal Reserve, while a slide in Treasury yields fueled the rally.
Original · FXStreet AI summary of public reporting
Why: Treasury yield slide fuels gold rally
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At publication → CurrentGOLD4,159 → 4,171+0.3%